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Amazon developing new point-of-sale system to attract small businesses - Insider

Published 09/08/2021, 03:23 PM
Updated 09/08/2021, 03:26 PM
© Reuters. FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru, India, April 20, 2018. REUTERS/Abhishek N. Chinnappa/File Photo
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(Reuters) - Amazon.com Inc (NASDAQ:AMZN) is working on a new type of point-of-sale system that can be sold to third-party sellers, Insider reported on Wednesday.

The new system can handle both online and offline transactions and can also link to other services including Prime and Flex (NASDAQ:FLEX), the report added, citing an internal document. (https://

The move will allow Amazon to compete with Canada's Shopify (NYSE:SHOP) and U.S. payments giant PayPal (NASDAQ:PYPL), which already offer POS systems for payments for small businesses, that have moved online during the pandemic to boost sales.

© Reuters. FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru, India, April 20, 2018. REUTERS/Abhishek N. Chinnappa/File Photo

Project Santos, created by an internal Amazon team to compete with Shopify, is leading the project, the report said.

Amazon declined to comment.

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