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Their success will likely hinge on the same issues as mobile payments — consumer adoption and acceptance.
The Amazon Go store has no cash register or payment kiosk. Instead, shoppers scan themselves into the store using the free Amazon Go app, shop as normal, remove items from a store shelf, place items in a shopping bag, and leave the store.
Roxanne Voidonicolas, marketing communications specialist at Sensibill, relates how financial institutions might be able to snag some market share from incumbents such as Venmo and Square Cash.