Amazon Wants to License Its Cashier-Free Payment Technology
Although Amazon.com (NASDAQ: AMZN) had plans to open 3,000 Amazon Go grocery stores featuring what it calls its Just Walk Out technology, only 16 such stores have opened in the past three years, with two more coming soon.
Since the company launched the first Amazon Go store to employees in 2016, its outlook on establishing a physical retail presence has grown, but undergone a radical transformation. Now it is reportedly considering leasing the technology to partners like movie theaters and airport shops, suggesting Amazon's plans are once again in metamorphosis.
Licensing its Just Walk Out technology to third-party convenience stores could be how Amazon.com grows the cashier-less business. Image source: OTG.
Source Fool.com
