Latest in Gear

Image credit:

Amazon reportedly wants its digital wallet in brick-and-mortar stores

It’s looking to bring Amazon Pay to gas stations and restaurants.
Share
Tweet
Share

Sponsored Links

ASSOCIATED PRESS

Amazon wants its Amazon Pay digital wallet to be accepted in brick-and-mortar stores, and it's offering merchants incentives in order to make that happen, the Wall Street Journal reports. According to sources familiar with the matter, the company is currently focusing on gas stations, restaurants and other merchants that wouldn't see Amazon as a business rival, offering them lower payment-processing fees and marketing services to get them on board. If successful, Amazon would be able to expand its Pay service beyond online transactions, which it's primarily used for now.

Customers can use their Amazon accounts for purchases at the retail giant's brick-and-mortar and Amazon Go stores. And last year, it introduced the ability to place orders with TGI Friday's using the Amazon app. But this push aims to bring Amazon Pay to a much wider selection of merchants.

While other companies like Apple and Samsung have had a bit of a head start when it comes to getting their digital wallets into brick-and-mortar establishments, there's still plenty of room for competitors in the US, where last year, only around 1 percent of in-store transactions were completed with some sort of mobile payment. And according to the Wall Street Journal's sources, Amazon is looking to move in on this market before competition really begins to heat up.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

You’ll need more than $299 to truly enjoy next-gen gaming

You’ll need more than $299 to truly enjoy next-gen gaming

View
MasterClass is offering college students a year of courses for $1

MasterClass is offering college students a year of courses for $1

View
Confused about which console to buy? Just wait.

Confused about which console to buy? Just wait.

View
Apple's latest iOS 14.2 beta adds a built-in control for Shazam

Apple's latest iOS 14.2 beta adds a built-in control for Shazam

View
Apple iPad (2020) hands-on: A better kind of basic

Apple iPad (2020) hands-on: A better kind of basic

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr