Amazon continues assault on PayPal
Amazon's tentacles have reached a new corner of the e-commerce world.
The company launched a new service Monday allowing customers to automatically pay recurring charges, like monthly subscription fees or phone bills, using their Amazon log-in details.
Amazon said it had been testing the service in recent months with fledgling mobile carrier Ting to "impressive" results.
With more than 244 million active customer accounts, Amazon already has a massive base of potential users for the service. The effort represents a new front in its assault on eBay, which owns online payments service PayPal.
Investors like Amazon 3D phone chatter
PayPal launched a new marketing effort last month touting its capabilities in mobile payments and money transfers. It currently boasts roughly 148 million active accounts.
Nathalie Reinelt, an analyst with Aite Group, said Amazon Payments would likely benefit from the company's strong brand recognition and reputation for security.
"I think it's smart for Amazon to do this and expand their footprint in the one-click payment space," she said.
Amazon continues assault on PayPal
Amazon's tentacles have reached a new corner of the e-commerce world.
The company launched a new service Monday allowing customers to automatically pay recurring charges, like monthly subscription fees or phone bills, using their Amazon log-in details.
Amazon said it had been testing the service in recent months with fledgling mobile carrier Ting to "impressive" results.
With more than 244 million active customer accounts, Amazon already has a massive base of potential users for the service. The effort represents a new front in its assault on eBay, which owns online payments service PayPal.
Investors like Amazon 3D phone chatter
PayPal launched a new marketing effort last month touting its capabilities in mobile payments and money transfers. It currently boasts roughly 148 million active accounts.
Nathalie Reinelt, an analyst with Aite Group, said Amazon Payments would likely benefit from the company's strong brand recognition and reputation for security.
"I think it's smart for Amazon to do this and expand their footprint in the one-click payment space," she said.
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