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Amazon.com, Inc. (NASDAQ:AMZN) is launching a service, PayCode, that will allow its customers to choose “Amazon PayCode” at checkout and then pay for their purchases in cash at one of 15,000 The Western Union Company (NYSE:WU) locations.
This is not the first arrangement between Amazon and Western Union. The two companies previously partnered to launch a new payment option that allows Amazon customers in Peru to pay in local currency for their purchases.
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The service was being offered initially in 10 countries — Chile, Colombia, Hong Kong, Indonesia, Kenya, Malaysia, Peru, Philippines, Taiwan and Thailand — allowing customers who prefer to pay in cash to shop Amazon's vast product selection.
Western Union shares were trading down 0.44% at $22.76 at the time of publication. The stock has a 52-week high of $24.09 and a 52-week low of $16.42.
Amazon shares were trading down 0.29% at $1,817.31. The stock has a 52-week high of $2,050.50 and a 52-week low of $1,307.
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Photo by Joe Mabel via Wikimedia.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.