The Paypers, via Bloomberg reports, "Global e-commerce company Amazon is reportedly considering developing a mobile payments service, media outlet Bloomberg.com reports.
According to the source, the company’s Amazon Payments unit is planning to launch a service based on NFC technology, thus enabling consumers to pay by tapping a mobile device against specially equipped cash registers.
In addition, the source reports that in March Amazon opened the Amazon Appstore for Android, which is set to sell applications for mobile devices powered by Google’s Android operating system. Moreover, Amazon is considering developing an NFC-based marketing service, as well.
The company is expected to release the NFC-based m-payment service by the end of 2011."
This comes right off the heels of the Near Field Communication World Asia 2011 Summit located at Suntec Singapore International Convention and Exhibition Centre. Though not a huge event, yet, this summit represents the huge growing interest in the technology that take mobile phones and turns them into your wallet.
Since majority of Asian internet users are accessing the internet through their phone, it's easy to see why the likes of HP, Sony, Dell, PayPal, OmniPay are sponsoring this event, but more importantly, many companies you've never heard of!
As talk continues to develop, I wouldn't be surprised if the U.S. doesn't see this technology until the second or third generation, as Asian consumers are expected to blow through the initial roll-out of the technology, and work out all the bugs before it crosses the sea.
Matthew Koren is the President of Priority Payments Northwest, a credit card processor and payroll service provider located in Portland, OR. He runs his company, as well as partnering with a consulting practice: Causeit, Inc. You can contact him by filling out the Contact Us page, or by calling 866-402-1485, ext 750