The Amazon Wallet beta
Online retailer Amazon has terminated its mobile payments initiative, the Amazon Wallet beta, following six months of efforts. CNET reports that this most recent failure adopting the mobile payments platform follows Silicon Valley’s continued struggles to expand into a what is seen as a “lucrative” financial sector. Also pointed out is a possible issue with Apple Pay that is negatively impacting its present growth potential.
Also find out more about Google Wallet’s latest developments here.