Page 2 - Amazon Pay

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

Top headlines: India Inc commits Rs 11.87 trn to AP, RBI fines Amazon Pay

Business Standard brings you top headlines at this hour

RBI fines Amazon Pay (India) Rs 3 cr for not complying with PPI & KYC norms

Ola Financial Services, Obopay Mobile and Manapurram Finance other entities

RBI slaps Rs 3.06 cr penalty on Amazon Pay (India) for violation of norms

The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI on KYC requirements," the RBI said in a statement. The RBI had issued a notice to Amazon Pay (India) advising it to show cause as to why penalty should not be imposed for non-compliance with the directions. "After considering the entity's response, RBI concluded that the aforesaid charge of non-compliance with RBI directions was substantiated and warranted imposition of monetary penalty," it said. The central bank, however, added the penalty is based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transaction or agreement entered into by the Amazon Pay (India) with its customers. Amazon Pay is the ..

Amazon Pay, 31 other payment aggregators get RBI nod to continue operations

PayTM Payments Services and PayU Payments Private Limited are the entities whose application to continue as payment aggregators has been returned by the RBI

We are committed to India; review process is normal: Amazon India's Tiwary

In an interview with Peerzada Abrar, Tiwary said India has become the innovation hub for the company for the rest of the world. Edited excerpts

PhonePe set to acquire fintech start-up ZestMoney for about $300 mn

Deal expected to be closed in two-four weeks, says source

A step-to-step guide to transferring Amazon Pay balance to bank account

Note, however, that you can only do this if you have completed your KYC

Centre to not intervene in deciding deadline for payment platforms' 30% cap

PhonePe and Google Pay approached the National Payments Corporation of India (NPCI) asking for an extension to the December 2022 deadline for at least three years

Amazon witnesses biggest ever festive sale in India, says top exec

More than 80 per cent of the new customers came from smaller towns for the e-commerce giant's month-long festive sale event Great India Festival which would end on October 23

Amazon Great Indian Festival goes live; check what's new this year here

During the Amazon Great Indian Festival 2022, the e-commerce giant is claiming to sell products from over a million sellers

Walmart-backed PhonePe asks NPCI to extend the volume cap deadline

With this move, NPCI was aiming to reduce the concentration risk in the system and potentially curb the dominance of two large players while ensuring other players also get a chance to grow

Amazon Seller Services reports Rs 3.6K-crore loss; revenue up 32%

E-commerce firm's units for digital payments and selling cloud service report losses too for FY22