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Amazon to roll out new digital wallet

Friday 23 November 2018 13:22 CET | News

Amazon has allegedly shared plans to roll out its new digital wallet to compete with Apple Pay in the mobile payments race.

Citing a source familiar with the matter, Daily Mail reports that the tech company is persuading merchants to accept its Amazon Pay digital wallet. The company is looking for petrol stations, restaurants and shopping outlets that do not directly compete with Amazon.

Amazon Pay is currently used for online retail purchases. Amazon is currently worth USD 1 trillion and aims to be a part of every aspect of consumers’ lives.

The company offers similar mobile-wallet options for in-store purchases at its cashier less Amazon Go stores where customers use the just walk out technology to pay using the app.


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Keywords: Amazon, mobile payments, Apple Pay, Google Pay, digital wallet, mobile-wallet
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Countries: World