Amazon to enter the Forex business

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Internet retailing giant Amazon.com is making a push into the Forex world via its Amazon Payments service.

Amazon Payments_logo

Amazon is looking to expand its Amazon Payments service beyond being an in-house, pay-for-your-Amazon-merchandise tool into a truly competitive product to eBay's PayPal and Google Checkout. And one of the fronts on which it is attempting to play catch-up is the world of Forex trading, which has a large, constant and growing need for online transfers.

One of the major advantages Amazon brings to the table is its known and trusted worldwide brand - Amazon does about half of its revenues outside the US. Then again, its major competitors PayPal and Google are also well known around the world.

Amazon is apparently aggressively hiring to beef up its Forex-related payments products capabilities, including sending a team to this week's Traders Expo at Bally's/Paris Las Vegas to scout for everything from Product Managers to Technical Program Managers, Software Developers and QA Professionals. Postings Amazon has for Forex jobs include:

PM - https://us-amazon.icims.com/jobs/148389/job

FX Product Manager - https://us-amazon.icims.com/jobs/150397/job

General SDE focused on global payments processing - https://us-amazon.icims.com/jobs/110886/job OR https://us-amazon.icims.com/jobs/119308/job

QA - https://us-amazon.icims.com/jobs/149358/job

Thanks to Francesc Riverola at Forexstreet.net for bringing this to our attention.

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Guest Thursday, 24 April 2014

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