Some good news following valuation drops - Amazon is thinking of placing some bets on fintech startups. After the growing success of Amazon Payments, the company now wants to expand its service to merchants. Will these acquisitions be more on the acqui-hire side, or strategic plays the really leverage what Amazon can do for e-commerce?
"We created this business unit a year ago, now I'm starting to look at opportunities outside," Patrick Gauthier, vice president of Amazon Payments, told CNBC in an interview at the Money 2020 conference in Copenhagen. "After a number of years where fintech has been a little bit ahead of itself in terms of valuations things have come back to earth."