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Amazon.com said Thursday that its Amazon Lending service has surpassed $3 billion in loans to small businesses since it was launched in 2011. Amazon is planning to expand its lending to small businesses in the US, the UK and Japan, in a direct challenge to the big banks which have historically dominated. In the last 12 [...]
The post Is Amazon a bank: ramps up lending in challenge to big banks appeared first on Payments Cards & Mobile.
