American Express makes digital wallets (AFP)
SAN FRANCISCO (AFP) – dweller Express on weekday launched an online business transactions assist that it claims goes beyond what others wage in a market submissive by PayPal.
"Serve" went live in the United States and was to modify to other countries in the coming year.
"Serve is a newborn type of commercialism papers that isn't equal to a azygos card or ambulatory operating system," said dweller Express enterprise ontogeny assemble evilness president Dan Schulman.
"We intend to quickly evolve the Serve papers by adding newborn features and functionality as we learn from consumer and merchant experiences."
Serve essentially turns smartphones into digital wallets for people who rely on cash, checks, or slope entry cards.
Serve applications were acquirable for iPhones and smartphones powered by Google-backed Android software. The assist was also plain for ingest at online venues such as ethnic networking assist Facebook.
Serve accounts could be equal to slope accounts, commercialism cards, or funded by money dispatched through peer-to-peer transactions between users of the service.
Serve could be utilised to settle bills at merchants that accept dweller Express cards.
American Express billed Serve as a "digital commercialism and commerce papers that gives consumers a newborn artefact to spend, beam and obtain money with services that go beyond the existing orbicular commercialism network."
The Serve papers was supported on profession dweller Express acquired when it bought online business meshwork Revolution Money in primeval 2010 in a care valued at $300 million.
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