Insider reports that Amazon’s Project Santos is working on the point-of-sale (POS) solution. Project Santos is a dedicated (once-secret) taskforce launched by Amazon last year with the aim of brainstorming innovations to compete against Canadian giant, Shopify.
According to an internal Amazon document seen by Insider, the solution designed for third-party retailers will process transactions both online and in store, and offer technological capabilities that allow for data analytics around inventory and other business functions.
It will also offer Amazon checkout options and will connect to Prime services, Flex delivery and the palm identification system.
The document reads: “This will allow our small business (SMB) customers to unify their online and offline channel management including inventory, offer Amazon One for contactless recognition and payment, and offer a customisable loyalty program that can utilise Prime benefits.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
