Amazon Pay registers double digit growth: Vice-President Mahendra Nerurkar

Amazon Pay, which is the sixth largest player in the payments segment, had a total volume transaction of 57.6 million for the month of July 2023

With over 80 million Unified Payments Interface (UPI) users, Amazon Pay, the payments business of e-commerce giant Amazon, has been growing at 40-50 per cent year-on-year (Y-o-Y), said Mahendra Nerurkar, VP Payments, International Emerging Stores, Amazon Pay.

“Leveraging just the micro peer-to-peer (P2P) transactions on UPI is not a business model. While we have enabled those features, we do not chase monthly active users based on this. Our focus has been on peer-to-merchant (P2M) and we do see benefits in what we have been offering. The growth is in terms of users, transactions, payment volume, and revenue. We are seeing