Amazon Pay Accepted Here? Web Giant Aims to Put Digital Wallet in Stores

www.wsj.com

AnnaMaria Andriotis, Laura Stevens and Emily Glazer:

U.S. consumers have been slow to adopt digital wallets, which were responsible for less than 1% of all U.S. card transactions last year, according to the Nilson Report. Amazon is looking to Asia, where digital wallets and mobile-payment apps like Alipay and WeChat Pay are commonly used. Amazon executives want to gobble up the U.S. market while the competition remains fairly minimal, according to people familiar with their thinking.

Per above, adoption seems slow. But I also think it’s picking up faster than people realize. Particularly in recent months. This is purely anecdotal, but when I was in small town, Ohio last week, a cop came into a mom-and-pop shop I was in and asked if they took Apple Pay. They did not, but clearly had gotten the question a lot in recently weeks/months and seemed almost exasperated by it. I feel like I’ve heard this same basic question a lot recently. I think things are changing. And I think that change is accelerating...

(As such, it’s a no-brainer for Amazon to be doing this, simply given how many credit cards they have on file...)

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