Amazon Could Bigfoot Rival Payment Services With a PayPal Clone
- E-commerce giant could create own pay service, analyst says
- Bernstein’s Ellis says Visa and Mastercard also face risks
Are Companies Like Amazon Good for Society?
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Amazon.com Inc. has already given payment companies headaches by starting a rewards program and rolling out its own checkout button on retail websites. What if the e-commerce giant developed its own version of PayPal?
This would hold significant risks for incumbents like Visa Inc. and Mastercard Inc. -- and PayPal Holdings Inc., of course -- and it could happen in the next several years, according to Lisa Ellis, a Sanford C. Bernstein & Co. analyst.