Amazon developing new point-of-sale system to attract small businesses
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Amazon.com is working on a new type of point-of-sale system that can be sold to third-party sellers.
The new system can handle both online and offline transactions and can also link to other services including Prime and Flex, the report added, citing an internal document.
The move will allow Amazon to compete with Canada’s Shopify and U.S. payments giant PayPal, which already offer POS systems for payments for small businesses, that have moved online during the pandemic to boost sales.
Project Santos, created by an internal Amazon team to compete with Shopify, is leading the project, the report said.
Amazon declined to comment.
Questions & Answers
Q.Which specific companies will Amazon's new point-of-sale system compete with?
Which specific companies will Amazon's new point-of-sale system compete with?
The new system aims to compete with Canada's Shopify and the US payments giant PayPal. Both already offer point-of-sale systems tailored for small businesses, especially those that have moved online recently.
Q.What is the internal codename for this new point-of-sale system project?
What is the internal codename for this new point-of-sale system project?
The internal codename for the project is Project Santos. It has been created by an internal Amazon team with the specific goal of competing directly with Shopify in the point-of-sale market for small businesses.
Q.What capabilities will the new Amazon point-of-sale system offer?
What capabilities will the new Amazon point-of-sale system offer?
The system is being developed to handle both online and offline transactions smoothly. It will also offer integration with other Amazon services, specifically Prime and Flex, according to an internal document.
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