Amazon introduces mobile payment app and card reader

Amazon introduces mobile payment app and card reader

Amazon is introducing many initiatives in mobile payment systems such as Square by introducing the Amazon Local Register. Amazon Local Register allows users to protect consumers against fraud protection and risk management. The leading firms in market Apple Inc and Google Inc may also step up their investment in mobile payments, which is taking off as smartphones become ubiquitous. Recent survey also reveals that nearly 70 percent of sales taken place in physical stores rather than online shopping.

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