Reuters exclusively reported on Friday that credit card giant Visa expects to resolve its fee dispute with Amazon.com Inc in Britain and hopes to continue its co-branded credit card partnership with the e-commerce giant in the United States. In an interview with Reuters, Visa’s chief financial officer Vasant Prabhu said Amazon accounted for a relatively small slice of its revenues and that the company had resolved such disputes in the past.
Business & FinanceTechnology
Reuters reveals Visa expects to resolve fee row with Amazon; market reacts
22 November 2021, 3:29 pm 1 minute
Following the Reuters report, Visa’s shares briefly pared their losses, moving from 1.4% lower on the day to 0.5% lower.
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