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Amazon set to dabble in mobile payments, report suggests

Updated Dec 19th, 2018 7:09PM EST

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According to a report filed by Bloomberg, online retail giant Amazon is toying with the idea of launching a mobile payments service. Citing two anonymous sources, the publication notes that the service would “let consumers pay for goods in brick-and-mortar stores using their mobile phones.” Amazon is purportedly testing payment technologies based on NFC (Near Field Communications) in an effort to expand its Payments service. This is the company’s latest venture into the mobile world. Amazon officially opened its Appstore for Android on March 22nd and its Cloud Drive music storage/streaming service on March 29th. The company has not made any public statements about future plans involving mobile payments or NFC.