Amazon Pay, ICICI launch new credit card as US firm eyes fintech expansion

Amazon Pay also plans to offer a host of other fintech services, including mutual funds, in due course

Amazon Pay, the online payments processing service owned by the America-based retailing major, has tied-up with ICICI Bank to launch an Amazon Pay ICICI Bank credit card in partnership with Visa.

It has planned to majorly expand in the financial technology space and in making digital money more prevalent in tier-III cities and other towns. Amazon Pay says their tie-up would help in greater penetration for ICICI into places where credit card usage is less. 

This is the first card in the country to enable Amazon Prime members to earn five per cent reward points on shopping on Amazon.in. The points