Last Updated: January 18, 2022
Amazon is developing a new type of point-of-sale system with one goal in mind – to sell it to small businesses, Reuters informs.
Point-of-sale systems are used to help businesses receive payments quickly and effortlessly. They are used in all kinds of industries, from bookshops to restaurants. Amazon’s new system will handle online as well as offline transactions. It can also link to other services including Prime and Flex.
The system is developed under the guidance of Project Santos, an internal Amazon group. Its product will compete with Canada’s Shopify and PayPal, all of which offer point-of-sale systems. As a result of the coronavirus pandemic, many of Shopify’s and PayPal’s clients moved online just to boost sales, and Amazon wants to benefit from this trend.
Amazon declined to give any further information, including when the product will go live.