E-commerce giant Amazon is all set to release a mobile-based credit card reader that could go on sale next month.
The ‘Amazon Card Reader’ is said to cost $9.99 and will connect to smartphones to carry out payments.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Further, the company is also looking to develop its own biometric payments solutions, according to leaked inventory document discovered by 9to5Mac.
Amazon, which has 237 million active user accounts, recently launched ‘Amazon Wallet’ that allows users to store and organise gift cards and store loyalty cards.
According to the publication, the Amazon Card Reader is likely to work together with the company’s recently launched wallet.
In recent past, Amazon ha s been making moves within the payments space, allowing retailers and services like Kickstarter to use Amazon as a payment processor.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
