Amazon has acquired San Francisco-based mobile payments provider GoPago for an undisclosed sum.
The deal will allow customers to pre-pay for in-store purchases on their mobile devices and provides point-of-sale equipment for those retailers. The terms of the deal have not been disclosed.
The deal will enable Amazon to use technology from Gopago and compete with companies including Square, PayPal, Google and Apple, which are also active in this area.
GoPago co-founder and chief technology officer Vincenzo Di Nicola told an Italian newspaper Corriere della Sera that the acquisition will be a way for Amazon to get its hands on the GoPago’s technology for an ambitious new project.
Di Nicola said that he is not coming over to Amazon as part of the deal as he plans to move back to Italy. Under the deal, it is unclear if Amazon will be employing GoPago’s 70 employees.
Through this acquisition, Amazon’s plans to include cellphones and Kindle tablets pre-configured to handle mobile payments.
Founded in 2009, GoPago provides checkout registers and mobile apps to merchants to process credit card payments and provide data analysis. Previously, GoPago has raised a venture funding in February 2012 from JP Morgan, which has also invested in Square.