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December 18, 2013updated 04 Apr 2017 4:09pm

Amazon buys mobile payments firm GoPago

Amazon has acquired San Francisco-based mobile payments provider GoPago for an undisclosed sum.

By Verdict Staff

Amazon has acquired San Francisco-based mobile payments provider GoPago for an undisclosed sum.

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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.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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