Amazon Selling Its Cashier-less Checkout Tech to 'Several' Companies

Amazon is selling its cashier-less checkout system technology to several companies, Reuters reports.

On Monday, Amazon announced its intention to sell its technology for Just Walk Out, an innovative new service designed to allow other stores to adopt a cashier-less system like Amazon's own store, Amazon Go.

The company said it has already sold the technology to several customers so far. While it did not explicitly name the other companies that have bought the new service, Amazon will have a website ready for others to inquire about Just Walk Out on Monday.

Amazon, now the world's largest web retailer, first implemented the technology with Amazon Go in 2018. The chain of cutting-edge convenience stores has popped up across the United States, with stores in Seattle, San Francisco, and New York City.

Future Just Walk Out locations will not operate exactly like Amazon Go, which currently has users scan an app to enter. Instead, it would require the insertion of a credit card. The rest of the process is the same as Amazon Go. As shoppers pick up items, they will automatically be added to their virtual carts. Once the shopper leaves the store, they will be billed on the credit card they used to enter it. This technology will help speed up the process for both consumer and producer, as there will be no bar code scans or checkout lines.

Amazon Go
People shop at Amazon Go Store in New York City. Spencer Platt/Getty Images

Amazon continues to assert its strength in various industries outside of online retail. According to Loup Ventures, the market value for retail without cashiers could grow as high as $50 billion. Amazon's new strategy to sell its business capabilities and technological advantages like this one and cloud services systems give them another competitive edge in the budding market.

Dilip Kumar, Amazon's vice president of physical retail and technology, spoke to Reuters about how big the new business venture could become.

"Do customers like standing in lines?" Kumar comments. "This has pretty broad applicability across store sizes, across industries, because it fundamentally tackles a problem of how do you get convenience in physical locations, especially when people are hard-pressed for time."

Amazon is expected to sell the technology at airport stores and smaller companies before potentially moving to its big-box retail rivals like Walmart and Target in the future.