TRENDING Amazon pushes its Pay digital wallet

TRENDING

Amazon pushes its Pay digital wallet

People's Daily app

12:54, November 22, 2018

Amazon is taking on Apple in mobile payments, according to the Wall Street Journal. The daily quotes unnamed sources as saying that Amazon is trying to convince gas stations, restaurants and other merchants that aren't direct competitors to accept its Amazon Pay digital wallet. Amazon declined to comment. Dataiku's sales engineering lead Kenneth Sanford: "It seems to be another attempt by Amazon to take to create a more holistic view of what customers are buying, right? So, a lot of the purchase of Whole Foods was an attempt to see what customers are buying off-line. And now they're really getting into the texactness of what people are buying in their everyday life, outside of what they buy on Amazon and in Whole Foods." 

Apple says more than five million stores in the US accepted its Apple Pay as of May, and that number is growing. But research firm Nilson Report says digital wallets accounted for less than one percent of all card transactions in the US last year.And Amazon is trying to capture that potential, according to the Wall Street Journal's sources. Amazon is working to persuade gas stations, restaurants and other merchants to accept its Amazon Pay digital wallet, according to the Wall Street Journal. Fred Katayama reports.

(Video source: Wall Street Journal via VCG)

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