Amazon has launched its first entry into the mobile wallet space with a new app called “Amazon Wallet,” now available in beta on the Amazon Appstore and the Play Store (via TechCrunch). Sadly, the app is oddly incapable in its current state, and doesn’t quite live up to the promise of being a true competitor to PayPal and Google Wallet — it can’t currently store credit cards or debit cards and is mostly geared at storing your gift cards and loyalty cards.

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