First Step Towards Seamless Payment Integration

  • PayPal Holdings shares rise after Amazon announces collaboration with PayPal for checkout
  • Buy with Prime merchants can now use PayPal as a payment option
  • Amazon customers to link their accounts in 2022
  • Mizuho Securities analysts view the partnership positively

PayPal Holdings’ shares increased by 1.6% to $72.92 following the announcement that customers can use PayPal systems to purchase certain products on Amazon. This collaboration with Amazon’s Buy with Prime initiative, launched in 2022, allows merchants to utilize Amazon’s fulfillment network and offers PayPal as a payment option at checkout. In 2022, Prime members will be able to link their accounts for automatic access to benefits when shopping with Buy with Prime. Mizuho Securities analyst Dan Dolev, who rates PayPal as Outperform with a $90 price target, sees this as a significant first step for PayPal Branded Checkout and Amazon partnership.

Factuality Level: 8
Factuality Justification: The article provides accurate information about PayPal’s collaboration with Amazon and Affirm Holdings’ partnership with Apple. It also includes relevant details about their stock performance and analyst opinions. However, it lacks some context on the significance of these events in the broader market or industry.
Noise Level: 3
Noise Justification: The article provides relevant information about a collaboration between PayPal and Amazon, as well as a mention of Affirm Holdings’ partnership with Apple. However, it lacks in-depth analysis or exploration of the implications of these events on the market or the companies involved.
Public Companies: PayPal Holdings (PYPL), Amazon.com (AMZN), Affirm Holdings (AFRM)
Key People: Dan Dolev (Analyst at Mizuho Securities)

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Financial Relevance: Yes
Financial Markets Impacted: PayPal Holdings and Amazon.com stocks
Financial Rating Justification: The article discusses the impact of PayPal’s collaboration with Amazon on their respective stock prices, as well as the integration of PayPal’s payment system into Amazon’s Buy with Prime initiative.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: 1.6%
Sector: Technology
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

Reported publicly: www.barrons.com