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Posted by on Dec 17, 2013 in Mobile |

Amazon said to be buying payments startup GoPago

GoPago’s cell app.

Word has it Amazon is eyeing payments trade Go Pago, which might give it a leg up within the cellular funds business. Consistent with experiences in Italian newspapers La Republican and Carrier Della Sera, Go Pago CTO Vicenza did Nicola stated that Amazon has received the startup.

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On the other hand, there seems to be some confusion over whether or not the acquisition took place or is going to occur. In step with The Wall side road Journal, Nicola later said his feedback were most effective “partly accurate.” CNET contacted Amazon and Go Pago for comment and we will update the story once we get extra information.

If Amazon does acquire Go Pago, it’s going to be throwing itself deeper into the competitive funds market — going head-to-head with the likes of PayPal, square, and different startups.

In October, the e-commerce giant launched “Login and Pay with Amazon,” signaling that it can be getting thinking about digital payments at a time when other tech titans, corresponding to Google, Apple, and facebook, have the prospective to turn out to be the go-to digital wallet for consumers.

“Login and Pay with Amazon” lets in users to pay for merchandise on other web sites the usage of an Amazon account. For its section, Go Pago gives brick-and-mortar merchants a way to checkout buyers and process bank card payments with easy registers or mobile apps.