Amazon to Enter Mobile Payments Arena?

Amazon to Enter Mobile Payments ArenaOnline retail behemoth Amazon is purportedly set to enter the mobile payments fray.

According to sources close to Amazon, the ecommerce heavyweight is planning to release a mobile credit card reader that could empower merchants to accept payments from consumers on the go.

As of this writing, it isn’t known if the card reader will be exclusively compatible with Amazon tablets and smartphones or if mainstream iOS and Android products can be used as well.

“Internal Staples documents” obtained by 9to5Mac suggest that “Staples stores will prepare next month to stock a new product called the ‘Amazon Card Reader'” which would put Amazon on pace to challenge industry leading mobile payment providers like Square, PayAnywhere, and others.

“An exact launch date for the product is unconfirmed, but Staples has asked its stores to wait until Tuesday, August 12th to put up new signage related to the Amazon Card Reader,” the report concludes.

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