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January 30, 2014 05:30 am GMT

Amazon Wants To Include Peer-to-Peer Payments In Its Real World PayPal Competitor

money handsEarlier today, the WSJ published a report on how Amazon is building a Kindle-based point-of-sale payments service for local merchants using technology it picked up via its Gopago acquisition --something we actuallyreported on back in December.In fact, this looks like just part of what Amazon has in mind. The e-commerce giant is also developing a solution for person-to-person payments, putting it in even closer competition with P2P payment giant PayPal.

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