FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Amazon Mobile App Usage Surged Over Holidays

Diana AsatryanbyDiana Asatryan
December 28, 2016
in Payments
Reading Time: 2 mins read
0
Share on Facebook

screen-shot-2016-12-27-at-4-37-15-pmConsumers are (mostly) done with holiday shopping, and Amazon seems to have had a great season.

Actually, Amazon had its “best-ever season” of shopping, the e-commerce giant said yesterday. The company shipped more than a billion items worldwide through Amazon Prime and Fulfillment by Amazon, with company’s own digital assistant — Amazon Echo — being a top seller.

What’s (possibly) even more interesting is that a vast majority of customers, 72%, shopped on Amazon through mobile devices.

Moreover, shopping on the free Amazon mobile app increased by 56% worldwide this holiday season. Amazon did not provide the amount or the number of payments processed through the holidays. The numbers may come of little surprise, considering the record-breaking mobile revenue this past Black Friday, which topped $1.2 billion overall, a 33% growth compared to last year, according to data from Adobe Systems Inc.

Those numbers, however, further prove Amazon’s theory that all we ever need for shopping is our smartphones and the right app. That’s also what the entire Amazon Go store concept is based on: customers check in with their apps at the door, then fill their shopping bags and leave.

Amazon also sold a record number of devices from its Amazon Echo family, with “sales up over 9x compared to last year’s holiday season,” the company said. Echo is largely out of stock these days.

Echo’s voice activated virtual assistant, Alexa, is increasingly developing new skills, but in fintech world it seems that Capital One is still the only one to adopt Amazon’s voice tech.

Tags: Amazonmobile appMobile PaymentsOnline shopping
Previous Post

Danish Neobank Rolls Out Spotify-Inspired Features, Raises $4.4M

Next Post

Breaking Banks: Tech Superstars

Related Posts

Photographer: Andrew Harrer/Bloomberg
Payments

Pliant prepares for agentic B2B payments amid U.S. launch

July 17, 2026
(Courtesy/Ramp)
Payments

Ramp launches technology to track AI token spend

July 16, 2026
Stripe Inc. headquarters in San Francisco, California, U.S., on Thursday, Dec. 3, 2020. Stripe will team up with some of the world's largest banks to offer checking accounts to businesses that sell their wares on e-commerce platforms such as Shopify Inc.
Payments

Why Stripe is willing to pay a 28% premium to acquire PayPal

July 15, 2026
Next Post

Breaking Banks: Tech Superstars

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account