The latest Amazon innovation to be paid in the United States is to use cash – Business – Economy

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Amazon's latest innovation for online paymentIt pays in cash, allowing its US customers to use a mechanism already enabled in 19 other countries.

This system is called "Amazon PayCode" and is an option enabled in association with the Western Union shipping and payment company for which customers must go to one of the 15,000 branches, at no additional cost, Amazon said in a note.

"We are constantly innovators to improve the shopping experience for our consumers and we are proud to expand "Amazon PayCode" to customers in the United States, "said Ben Volk, head of the company's payment division.

This new Amazon service adds to a similar system that allows customers to purchase gift vouchers or payment vouchers in 7-Eleven stores and in the CVS pharmacy network.

"Customers have told us that they like the convenience of paying in cash. Together with Western Union, we can offer consumers more options, allowing them to pay for online purchases conveniently for them, "the company said.

This announcement comes at a time when around the world The tendency to set aside cash grows and when new payment technologies emerge, such as facial recognition. Some activists argue that this trend has a negative impact on people without access to the financial system and that it could also affect people's privacy.

Amazon has stated that data from the Federal Reserve of San Francisco shows that 77% of payments in the United States in 2018 were performed in person and that the
Liquidity represents 39% of the volume.

AFP

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