To Keep Pace With The Big Guys, Smaller Businesses Are Embracing New Platforms And Payments [Forbes]
Amazon.com, Inc. (AMZN)
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Source: Forbes
For cash payments, the couple delivered food, groceries and medicine by car, bike, electric scooter, and even on foot. But not long after launch, a problem popped up: Most customers didn't have cash on hand to pay. Instead, Grubmates customers wanted to place orders via WhatsApp and pay with , a popular local mobile banking app. The Popels shifted quickly, adapting their platform to accept Juice among others, after which Grubmates grew at a healthy rate of 16% month over month, with nearly 60% of sales coming from digital payments. getty Like many of today's small and medium-sized businesses, Grubmates' success came in part from embracing alternative distribution channels – in this case, a digital method for accepting orders through What
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AMZN
Earnings
- 2/6/25 - Beat
AMZN
Sec Filings
- 4/3/25 - Form 4
- 3/12/25 - Form 4
- 3/5/25 - Form 4
- AMZN's page on the SEC website