Amazon seem to be making attempt to take on Paypal. The company is introducing a new payment service with the hope that it will soon be adopted by startup companies and others offering subscription-based or recurring payments, according to a report from Reuters. TechCrunch reports that "the service will allow these businesses to tap into Amazon’s over 240 million monthly active users who currently store their credit card information on Amazon.com, then pay for things ranging from music subscriptions to monthly phone bills."
Source: TechCrunch
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