The report did not mention Amazon Canada partnering with VISA...

The report did not mention Amazon Canada partnering with VISA VIS. On the upside, i could not believe this real partnership with TikTok, given Nandan did not mention on 31Aug24, as they wanted to advertise with them, not partner with them.

There is no mention on the internet across TikTok, HSBC in UK and Std Charter in APAC. These are huge partnerships that must have only taken place in late 2024.

So why the secrecy?

What i do like is they are getting more value for each $1 in MSV.

"driving greater economic value from the same MSV dollar processed, increasing ournet transaction margin and topline revenue by focusing on pricing discipline andmargin optimization when onboarding new merchants with an improvement of 167%YoY."