Register for The Paypers news Follow The Paypers on LinkedIn! Follow The Paypers on Twitter! Follow The Paypers on Facebook! Follow The Paypers on Google+!
The Paypers, paypers, Insight in payments, News, Reports, Events
Mobile Payments

Amazon to launch virtual currency for Kindle Fire

Wednesday 6 February 2013 | 10:45 AM CET

Amazon is set to launch Amazon Coins, a new virtual currency for Kindle Fire owners to use on in-app purchases as well as app purchases in the Amazon Appstore, online media outlet techcrunch.com reports.

According to the source, the service is set to launch in May 2013, allowing users to pay for apps or in-app purchases with their credit cards or with Amazon coins. Developers will still get their 70 percent cut from each purchase made, whether it’s from credit card or Amazon Coins. According to the Amazon Coin FAQ, one Amazon Coin is worth one cent.

The Amazon Coin system is only available to US consumers at the time of launch and will not be eligible as payment for any subscription services.

In recent news, Amazon, in collaboration with MasterCard, has rolled out Friends & Family Gifting, a new functionality which will allow customers to keep track of birthdays and special occasions, get shopping reminders and manage gift ideas for everyone on their list year-round.

Print | Contact editor | Mail
© 2014 The Paypers
More: Abstract | Link

This Month

Next Month

All

01 Jun 2014   The Global Student Challenge
01 Sep 2014   17th Annual Shared Services and Outsourcing Week Asia 2014
02 Sep 2014   6th Annual Retail Banking Africa Forum
02 Sep 2014   Hong Kong's Customer Festival 2014
02 Sep 2014   17th Annual Asian Shared Services & Outsourcing Week
02 Sep 2014   Cards & Payments Turkey 2014
03 Sep 2014   The Summit for Global Process Owners
03 Sep 2014   European Online Retail Forum 2014
03 Sep 2014   7th Annual Liquidity, Treasury and FTP
04 Sep 2014   Social Mobile Engagement Conference & Code Challenge
08 Sep 2014   APEX: Digital Currency Partnerships
08 Sep 2014   PayStream INNOVATE 2014: The Purchase to Pay Summit
08 Sep 2014   2nd Annual Supply Chain and Receivables Finance
08 Sep 2014   APEX Digital Currency Partnerships
08 Sep 2014   Total Security Summit
09 Sep 2014   Digital Money 2014
09 Sep 2014   Mobile Innovation Europe Summit
09 Sep 2014   Group Treasurers' Exchange 2014
09 Sep 2014   Europe’s Customer Festival
09 Sep 2014   Big Data World Show Malaysia
09 Sep 2014   Asia Trade Finance Week
09 Sep 2014   Financial Forecasting & Planning Innovation Summit
09 Sep 2014   The Money Event
09 Sep 2014   FP&A Innovation Summit
10 Sep 2014   AITEC Banking & Mobile Money COMESA
10 Sep 2014   Connecting the Global Digital Economy
11 Sep 2014   Post-Trade Forum
11 Sep 2014   4th Annual Risk Management Forum
15 Sep 2014   Inside Bitcoins
15 Sep 2014   ProcureCon Indirect West
15 Sep 2014   Shared Services Exchange 2014.
15 Sep 2014   Finance Transformation: People. Process. Technology
15 Sep 2014   America’s Customer Festival
15 Sep 2014   Next Generation Outsourcing and Shared Services World
15 Sep 2014   2014 Internal Control & Fraud Prevention Training
16 Sep 2014   MVNOs Industry Summit LATAM
16 Sep 2014   The Treasury Summit 2014
17 Sep 2014   International IMRGConnect
17 Sep 2014   Fraud Summit Toronto
18 Sep 2014   Next Bank Europe
19 Sep 2014   Bitcoin Expo 2014
22 Sep 2014   NFC World Congress, Mobile Proximity: Services, Innovation & Business
22 Sep 2014   World e-ID Congress
22 Sep 2014   M2M Innovation World Congress
22 Sep 2014   Chip-to-Cloud Security Forum
22 Sep 2014   MVNO Industry Summit Middle East
22 Sep 2014   Retail Payments Week
22 Sep 2014   4th Annual American Banker Regulatory Symposium
22 Sep 2014   Click and Collect Show Canada
23 Sep 2014   World Retail Banking Excellence
23 Sep 2014   E-commerce Paris
23 Sep 2014   Fraud Summit London
23 Sep 2014   6th Annual BankTech Asia 2014 Congress
23 Sep 2014   FinovateFall
23 Sep 2014   The Product Development Excellence in Banking Summit 2014
23 Sep 2014   NetConnect
24 Sep 2014   European Platinum Meeting
24 Sep 2014   eWorld Purchasing & Supply
24 Sep 2014   Sustainable Purchasing and Supply Summit
24 Sep 2014   The Sustainable Purchasing and Supply Summit
24 Sep 2014   3rd Annual Bancassurance Forum
24 Sep 2014   3rd Annual Bancassurance Forum
25 Sep 2014   5th Annual Innovation in Cash Management
25 Sep 2014   European Life Insurance Forum
29 Sep 2014   TEE Conference 2014
29 Sep 2014   The Payments Knowledge Forum 2014
29 Sep 2014   World Retail Congress 2014
30 Sep 2014   FinDEVr - The First Event for Fintech Developers
01 Oct 2014   FDIH e-Commerce Conference