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Amazon launches EMI option without credit, debit card through 'Pay'

Amazon Pay is now offering card-less EMIs for select customers. Called Amazon Pay EMI, the feature is said to provide an instant loan to customers

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Erick Massey
Soon after it extended EMI option on debit cards, Amazon through it payments service Amazon Pay has launched card-less EMIs for select customers.

The facility, called Amazon Pay EMI, provides instant financing options for up to Rs 60,000 at low-interest rates to customers who may not yet have access to a credit card.

The move has been made to attract more customers, especially ahead of the festive season when the traffic at e-commerce website is usually high.

The company has partnered with digital lending startup Capital Float to design and enable Amazon Pay EMI.

Currently, this is an invite-only program

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First Published: Sep 28 2018 | 12:14 PM IST

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