More prefer credit cards for high-value offline & online payments, particularly discretionary spends; more use UPI over cash for food & groceries, school/college fee, clothes & footwear, says a report
In addition to the payment aggregator licence, Amazon Pay already holds a Prepaid Payment Instruments (PPI) licence, allowing it to operate wallet services like Amazon Pay balance: Money.
Amazon Prime India has been at the forefront of a lot of innovations that have been replicated in other emerging market, says Jamil Ghani, Vice-President, Amazon Prime.
In terms of alternative payment solutions, Google Pay has overtaken Amazon Pay to become the most preferred online payment solution in India, while Paytm ranked third
At the Amazon Smbhav summit, the Infosys co-founder said that the country’s small businesses are the engines of growth and job creation.
