Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Watch now.


Amazon.comAmazon.com, the colossal online retailer, is considering a service that would let users buy goods in stores using their mobile phones, Bloomberg Businessweek reported today.

According to two unnamed sources, the Amazon Payments unit is deciding whether to start a service based on near-field-communication (NFC) technology. With NFC, phones with special chips can establish short-range contact with readers at checkout counters. Mobile phones can then be used to pay for goods at stores with a simple wave.

Research firm Gartner predicts large growth in mobile payments, with the estimated value of mobile transactions totaling $245 billion in 2014, up from $32 billion last year.

Despite this large market, Amazon will be joining a crowded mobile payments space. Last December Google introduced the first Android phone with NFC, the Nexus S, and Apple and Microsoft are reportedly working on it as well. Google also announced yesterday that it joined the NFC Forum industry group. Although in a recent statement the President of mobile payment leader Sybase 365 said that NFC is overhyped, can we really ignore the fact that some of the largest technology companies are now betting on this technology?

An unnamed source said that Amazon will decide whether to unveil an NFC mobile-payment services in the next three to five months. One thing is for certain — with the company introducing the Amazon Appstore for Android, which sells applications for Google’s Android operating system, Amazon’s mobile ambitions have only just begun.

VB Mobile SummitCalling all mobile executives: This April 25-26, VentureBeat is hosting its inaugural VentureBeat Mobile Summit, where we’ll debate the five key business and policy challenges facing the mobile industry today. Participants will develop concrete, actionable solutions that will shape the future of the mobile industry. The invitation-only event, located at the scenic and relaxing Cavallo Point Resort in Sausalito, Calif., is limited to 180 mobile executives, investors and policymakers. We’ve pretty much finalized the invite list, but have a few spots left. Request an invitation.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.

Author
Topics