Microsoft is expected to launch an Azure Marketplace in the US market later this year, according to an industry source with knowledge of the matter.
Microsoft has been working on the Marketplace, which would allow for online payments and payments in the cloud, for some time, but the move has been delayed as it attempts to bring the feature to a broader market.
The Marketplace, as Microsoft has dubbed it, is part of the company’s efforts to attract developers to its Exchange Server market.
Microsoft is working with partners like PayPal, Stripe, and Coinbase to bring that to the Marketplace.
The Azure Marketplace will allow for payment processing in the clouds, the source said.
The Microsoft Exchange Marketplace is expected sometime in the future.
The Marketplace would allow businesses to send money from their Microsoft Exchange accounts to other Microsoft Exchange servers.
The Microsoft Exchange server market is expected by 2020.
The Azure Marketplace, however, is still being developed and is not expected to hit the market until at least late 2018, the industry source said, speaking on condition of anonymity.
Microsoft is in the process of launching the Marketplace for all customers in the Azure cloud, but Microsoft is not currently targeting the US marketplace with any specific features, the Microsoft source said.(Reporting by Sam Stein; Editing by Steve Orlofsky)