UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
German Bund Yields Hit Three-Week Low as Energy Prices Ease and ECB Outlook Softens 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
UK Services PMI Returns to Growth in July as New Orders and Confidence Rebound 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
US Job Growth Seen Picking Up in July 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
Philippine GDP Growth Slows to 2.3% in Q2 
DHL Q2 Profit Jumps 24% as Express Business Drives Growth 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
Amazon previously announced that it would stop accepting Visa credit cards in the United Kingdom, and now this plan has changed. It was reported that the e-commerce giant is ditching its plans regarding its acceptance of the said credit card, at least for now.
Customers were already expecting Amazon to stop honoring their Visa-issued credit cards starting Jan. 19 since this was already revealed a few weeks ago. However, in a new statement that was issued earlier this week, the company said it would no longer proceed with its plans.
In a statement sent to CNBC via email, an Amazon spokesperson stated, “We are working closely with Visa on a potential solution that will enable customers to continue using their Visa credit cards on Amazon.co.uk. Amazon customers can continue to use Visa cards after Jan. 19 while we work to reach an agreement.”
It was in November when Amazon initially declared that due to high fees that Visa charges for credit card processing transactions, it decided to stop accepting the card for purchases. At that time, the credit card company said it was very disappointed with Amazon’s decision, as per Reuters.
Now, with the new announcement from Amazon, it is not clear what changed the company’s mind. It is also not clear if this new decision is temporary or final.
Observers in the industry said that the change of plans on the side of Amazon is actually not surprising because it will also be a disadvantage for the e-commerce firm since most people in the U.K. use Visa credit cards. Thus, if it will not be accepting this card, then it will also result in huge sale losses.
“Amazon is a retail giant so it has some leverage, but there is no way it won’t accept Visa cards,” David Ritter, a financial services strategist at IT firm CI&T, said in a statement regarding Amazon’s about-face. “It is more likely that Amazon has been applying pressure tactics. The move by Amazon is likely a way to negotiate a longer-term agreement on rates, or even to push for a freeze to its current rates.”
