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FinTech at Money20/20 Europe 2016: What Did the First Day of the Conference Reveal?

April 4 was the first day when one of the most important events in FinTech was rolled out. Money20/20 in Europe started out with some very interesting announcements and insights from financial industry players such as BBVA, Visa & MasterCard, and even tech companies like Amazon and Microsoft have made some waves. Let’s see what the first day of Money20/20 Europe has brought up.

In an attempt to take over PayPal in the payments business, Amazon announced that it is extending its customer checkout payments onto merchant partners—third-party businesses running their shops on Amazon. With this service extension, the company is looking to help merchants to have a payment solution that can be integrated with their online store. The new partner program is available by invitation in the US, Germany, the UK and Japan.

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