Amazon.com, Inc. (NASDAQ:AMZN) Eyes Payment Processing
Amazon.com, Inc. (NASDAQ:AMZN) seems to be passing through the tough holiday season this year. On the one side while it is busy making strategic acquisition to offer in-store, mobile payment services at par with competitors like eBay Inc. (NASDAQ:EBAY) and Apple Inc. (NASDAQ:AAPL) among others; at the other side it is defending a worker’s death at a new Avenel, N.J., fulfillment center alongside facing the employee strike in Germany.
Amazon.com, Inc. (NASDAQ:AMZN) recently announced an acquisition of a startup firm GoPago that offers mobile ordering and payment apps for customers as well as it serves merchants by offering them in-store point-of-sale payment services through mobile devices that run on Google Inc. (NASDAQ:GOOG)‘s Android operating system.
With this acquisition Amazon.com, Inc. (NASDAQ:AMZN) has sent a clear signal out that it is seriously considering to build its payment capabilities to grab more of mobile commerce by extending its services to retail merchants from the recent payments processing limited to its shopping website.
Talking about competitors, eBay Inc. (NASDAQ:EBAY) has recently launched in-store technology called Beacon through its popular PayPal gateway. Beacon allows two-prong communication between retailers and shoppers. Apple Inc. (NASDAQ:AAPL)’s iBeacon was also in headlines which allows to communicate with shoppers in stores through iPhones.
Unmet demands for higher pay and a better work environment, forced Amazon.com, Inc. (NASDAQ:AMZN)’s German employees to call for a strike. While the world’s largest online retailer defends that the wages are above-average in the industry, employees are still demanding proper working conditions, regard for their efforts and the right for collective bargaining.
German labor union, Verdi said that workers would strike in Amazon.com, Inc. (NASDAQ:AMZN)’s logistic centers in Bad Hersfeld, Graben and Leipzig. Moreover, a German workers’ delegation will also protest at Amazon’s headquarters in Seattle and is expected to be supported by the U.S. workers unions