Amazon is getting into a lot of different businesses lately. Now, they want to get into the payment business.
Amazon launched a service called Login and Pay with Amazon today at Money 2020 that lets partner sites enable a payments button that will compete with PayPal and credit cards for customer checkout. This is a direct blow at one of the bigger third-party payment options that consumers have at checkout and an effort by Amazon to capture a huge chunk of the web’s payment business at large.