James Booth is the VP Head of Partnerships, EMEA at PPRO. James is an experienced business developer with a demonstrated history of working in the financial technology industry. He is skilled in payments, fintech, business planning, business development, and entrepreneurship.
Amazon have declared they will be banning Visa's credit card as a form of payment in 2022, but what does this mean for a customer?
The move from Amazon to ban UK issued Visa credit cards is less so a direct result of Brexit and more to do with the wider sentiment in the payments space. Card fees are high, businesses are struggling to keep up and are being forced to pass down the cost to the consumer. This ban signals a move away from cards towards a more diversified payment ecosystem, that offers businesses and consumers greater choice and lower costs.