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Is Amazon Developing a PayPal Competitor?

By Steve Heller - Apr 22, 2013 at 7:00PM

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Could there more to this story than meets the eye?

According to a filing at the U.S. Patent and Trademark Office, Amazon (AMZN 4.11%) could be gearing up to launch an anonymous mobile payment network. Not only would this move take direct aim at eBay's (EBAY 4.06%) PayPal unit, it could potentially threaten Google (GOOGL 1.77%) as well. In this video, Motley Fool contributor Steve Heller weighs in on the filing and what other plans Amazon may have up its sleeve.

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Stocks Mentioned

Alphabet Inc. Stock Quote
Alphabet Inc.
GOOGL
$2,329.46 (1.77%) $40.56
Amazon.com, Inc. Stock Quote
Amazon.com, Inc.
AMZN
$2,307.37 (4.11%) $91.16
eBay Inc. Stock Quote
eBay Inc.
EBAY
$46.92 (4.06%) $1.83

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