The Dash Cart screen will now display images of fresh items nearby, like produce, for shoppers to choose from, or shoppers can type in the item name instead of a four-digit PLU code
Opinion is divided over whether or not the circular will impact the popular 'Buy Now Pay Later (BNPL)' schemes offered by many fintechs
This agreement includes the acceptance of Visa at all Amazon stores and sites
The company reports a net loss of Rs 1,516 crore during the same fiscal
With this alliance, MakeMyTrip will be able to further extend its distribution via Amazon Pay's large user base, especially in smaller towns, and speed up online booking of travel services
Amazon Pay UPI has recently added 5 crore customers in India.
Customers can extend their budget and shop for favourite items across categories, can also use different payment modes on Amazon Pay to shop seamlessly
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RBI has been wary of allowing tech giants in the banking space
Amazon Pay India, the American e-commerce major's payments app, is also set to offer deposit booking services for its customers
Manesh Mahatme brings with him 17 years of experience in digital financial services and payments across Citibank, Airtel Money and Amazon
The acquisition would help PhonePe in its "super app and vernacular language" strategy to integrate various apps on its platform.
Last October, ahead of the festive season, Amazon had invested Rs 700 crore in Amazon Pay
The e-commerce major has also launched the 'Amazon Pay For Business' app for small and medium businesses to enable seamless acceptance of digital payments.
Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO
With more than 500 million users, WhatsApp counts India as its biggest market
Amazon Pay got the capital infusion in March by allotting 22.5 crore equity shares
The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm
Initiative will cover seven cities
Flipkart saw more than 250 mn customers over a 5-day period during its flagship 'Big Billion Day' sale event, and PhonePe reached milestone of 1 billion monthly payment transactions, McKenna said