- In 2021, global retail eCommerce sales were $4.9T and are expected to rise to $6.17T by 2023.
- Amazon and Shopify are two key players in this industry and comprise more than 50% market share.
- Last week, Amazon announced that it will offer third-party merchants “Buy with Prime”, which expands Prime shopping benefits to merchants beyond Amazon’s website.
- Both companies are partnered with Affirm and ramping up their in-house payment offerings for merchants to process payments and accept transactions, both on and offline.
- Amazon and Affirm are Weekly Top Ideas at Beating The Market, while Shopify is currently not, its valuation has finally approached an attractive entry point below $500. Hence it could very well become a Top Idea in the coming weeks.
For further details see:
Amazon Vs. Shopify: The Implications Of Buy With Prime