Today In Payments: Amazon enables TV commerce


In today’s top news, Amazon is looking to bring tCommerce to its consumers, the SEC has warned investors about SPACs being touted by celebrities, and Grab could be worth $40 billion if it goes public through SPAC.

Amazon allows TV screen purchases via ‘tCommerce’

Amazon is experimenting with tCommerce – making content accessible for shopping by allowing the purchase of goods directly from TV screens while watching programs. The goal over time is to connect the Amazon Video ecosystem to the Amazon Commerce ecosystem.

SEC raises flag of caution on celebrity-backed SPACs

This week, the Securities and Exchange Commission warned investors about special purpose acquisition companies (SPACs) being touted by celebrities, warning that celebrity investing does not mean the SPAC is “suitable for all investors.”

Grab valuation could hit $40 billion as SPAC talks solidify

Singapore’s grave could reach a valuation of up to $40 billion if talks with special purpose vehicle (SPAC) Altimeter Capital Management LP solidify into a deal. If an agreement is reached, it will break records as the largest SPAC merger to date.

Nigeria’s Flutterwave Raises $170M On A $1B Valuation

African fintech startup Flutterwave has raised $170 million in a Series C funding round, bringing its total fundraising to $225 million since its founding five years ago. The company’s mission is to develop an optimized pan-African platform that “simplifies payments for everyone” on a continent with a highly fragmented payments ecosystem.

Carhartt equips tradespeople with installment plans

Craftsmen who are just starting out sometimes cannot afford quality work equipment. But access to installment plans can give them the flexibility to buy such products, says Anna Cole of workwear retailer Carhartt. In the Buy Now, Pay Later Tracker, Cole explains how flexible payment plans help workwear brands attract new customers earlier in their careers and get larger, more frequent orders.

Bitcoin as Alchemy: APMEX CEO Puts Crypto in Precious Metals Perspective

Will the crypto market ever calm down? There’s a school of thought that says it will be. As Ken Lewis, CEO of precious metal trading company APMEX, told PYMNTS, cryptos are likely to become a widely used payment mechanism and are currently a valid part of portfolio construction and management.

Coupang’s IPO shows strong e-commerce enthusiasm on Wall Street

Double-digit percentage point gains marked Coupang’s first day as a public company. Yes, initial public offering (IPO) markets have been buoyant. What could that say about the pull of e-commerce on the street – is this just a case of a rising IPO tide lifting all boats?

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NEW PYMNTS DATA: INNOVATION STUDY ON THE FUTURE OF TRADE LIABILITIES – APRIL 2022

Plastiq - The Future Of Business Payables Innovation: How New B2B Payment Options Can Transform The SMB Back Office - April 2022 - Learn how all-in-one payment solutions can help companies streamline B2B transactions and eliminate friction in AP and eliminate AR management

Above: While more than half of SMBs believe an all-in-one payment platform can save them time and improve cash flow transparency, 56% believe the solution could be difficult to integrate with existing AP and AR systems. The Future Of Business Payables Innovation Report, a collaboration between PYMNTS and Plastiq, surveyed 500 SMBs with sales ranging from $500,000 to $100 million to find out how all-in-one solutions are exceeding SMB expectations and future-proofing their businesses be able.

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