Amazon Pay

BS BFSI: Compliance doesn't impede progress, say financial services heads

BS BFSI Summit: While compliance requires significant investment, it does not impede industry progress, said CTOs and CEOs as they discussed the role of regulation in India

5 mn users: Amazon Pay ICICI Bank CC is India's favourite co-branded card

Amazon Pay ICICI Bank credit card offers diverse range of exciting benefits including instant issuance, no joining or annual fee, unlimited cashback, amongst others.

Amazon Pay UPI surpasses 100 million customers, marking a major milestone

Amazon Pay UPI has become a significant success, said the company, streamlining transactions both on the Amazon.in shopping app and across a wide range of external platforms

Launched in 2019, Amazon Pay's UPI offering crosses 100 mn customers mark

Amazon Pay on Monday said its UPI offering is witnessing widespread adoption across the country with over 100 million customers using the service. Launched in 2019, Amazon Pay UPI has witnessed strong user preference from across big states of Maharashtra, UP, Bihar, West Bengal, Karnataka, the company said in a statement. The 18-24-year age bracket led the adoption of Amazon Pay UPI, it added. "We are humbled and proud that 100M customers have chosen Amazon Pay UPI as their preferred choice of online payment experience. We are excited to continue to innovate and expand our offerings to simplify lives and fulfil aspirations for millions across India," Amazon Pay India CEO Vikas Bansal said. Mobile recharges, utility bill payments and e-commerce transactions were among the top use cases of Amazon Pay UPI, the statement added.

Google Pay, PhonePe, and Amazon Pay seek entry into RBI's digital rupee

These payment firms are collaborating with the RBI and the NPCI and are anticipated to introduce e-rupee access within the next three to four months, according to a Reuters report

Amazon Web Services, Tamil Nadu hub join hands for AI startup programme

Programme will enable startups to collaborate with the industry to build public sector-focused solutions using generative AI

Delhi Metro launches digital QR ticketing system with Amazon Pay

Delhi metro commuters can now purchase mobile-based QR tickets on Amazon Pay, with the DMRC on Thursday partnering with the platform to offer the facility, officials said. The innovative solution provides a quick, contactless, and hassle-free experience for millions of daily users, allowing them to purchase metro QR tickets on the go and transforming the daily commute in the national capital, they said. To avail of this facility, customers can simply click on the Delhi Metro QR ticket option under the Amazon Pay tab and follow some simple steps. They can select 'from' and 'to' stations, complete payment, and receive a mobile QR ticket instantly, the officials said. At metro stations, commuters just need to hold their smartphones in front of the QR code scanner at the automatic fare collection (AFC) gates for both entry and exit, they said. "Partnering with Amazon Pay for QR ticketing will make daily journeys more efficient and enjoyable. This innovative approach offers convenience,

'We do not worry about (UPI) market share', says Amazon Pay India CEO

When asked if the regulator has been asking them to increase market share, Bansal said the need is to focus on growing the Unified Payments Interface (UPI) ecosystem

Amazon Pay explores credit on UPI through collaboration with NPCI

NPCI recently unveiled new features for UPI-linked RuPay credit cards, including EMI facilities, UPI AutoPay for credit card bill settlements, and enhanced credit limit

Amazon Pay to ramp up Smart Stores service partnership to 150 brands

The company has launched 18,000 Smart Stores in India since its inception in 2019

Amazon Pay to ramp up Smart Store services partnership with top 20 brands

The company has launched 18,000 Smart Stores in the country since its inception in 2019

Amazon Pay gets final approval from RBI to operate as payment aggregator

The company added that the authorisation from the banking regulator would enable it to strengthen its distribution channels

Looking forward to ride credit on UPI wave: Amazon Pay India's Jain

Company aiming to redefine access and coverage in financial landscape by early 2024

Fintech firm Amazon Pay launches sign language video KYC service

Company says it has trained more than 120 employees for the service and developed interactive modules

Amazon rolls out passkey support on browser, iOS devices for better safety

Passkey eliminates the step of entering the Amazon password. This is achieved by using the credentials to unlock the device

Amazon Pay starts EMIs on RuPay credit cards for festive online shopping

During the first 48 hours of the Amazon Great Indian Festival, EMI's emerged as the most preferred payment mode with 1 in 4 shopping orders placed on instalments; and 3 in 4 EMI orders on No Cost EMIs

Amazon Pay eyes expansion with more bank, card network partnerships

Launched in October 2018, Amazon Pay's co-branded credit card is in association with ICICI Bank and utilises Visa as the card network

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

Amazon Prime Day 2023 starts on July 15: Check offers on TV, phones, others

Prime Day deals are limited to customers who have bought Amazon's paid Prime subscription

Cash-load at doorstep: Amazon Pay allows customers to deposit Rs 2000 notes

Amazon Pay said it KYC verified customers can hand over cash, including Rs 2,000 notes, to the delivery agent to load the same to their Amazon Pay balance during a cash-on-delivery order