Amazon has invested another $2.1 billion in its program called Delivery Service Partner (DSP), which is designed to help entrepreneurs who are representatives of the small business sector build delivery companies.
The total amount of financial injections into the mentioned program since its launch in 2018 has reached $12.3 billion. The relevant information is contained in a press release that was published by Amazon last Thursday, September 12.
The specified press release notes that the e-commerce giant’s additional investments in DSP will be aimed at achieving goals such as increasing the rate cards of this program, a new offer of access to earned wages and ensuring security.
Beryl Tomay, vice president of transportation at Amazon, says that DSP and their teams are making efforts to take care of the company’s customers.
A press release from the e-commerce giant, which owns the best American delivery service, contains information that the DSP rate card will be increased next year. In this context, it was separately announced that the bonuses would amount to an additional $660 million over the next year. These funds are intended to help DSP increase the wages and benefits that are offered to drivers. Also, the mentioned money will help recruit and retain high-performance teams.
The new earned wage access program offered by Amazon to DSPs is from PayActiv. As part of the relevant decision, drivers will be given access to half of their accrued wages before payday. The new program will also support cash rewards, discounts, bill payments, and a savings tool.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
