Bain & Co explains how a Bank of Amazon could save the retailer $250m a year in interchange fees

Banking’s Amazon moment — Bain & Company — “Amazon could avoid more than a quarter of a billion dollars in annual interchange fees in the US alone. This estimate is based on three assumptions: Amazon achieves the bank account penetration our consumer research suggests; 15% of its e-commerce customers pay directly from their Amazon bank account instead of through a credit card; and those customers spend at the same level as Amazon Prime customers.”


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