Amazon Pay Later launched in India: Everything you need to know

By Digit NewsDesk | Published on 29 Apr 2020
HIGHLIGHTS

Amazon has launched a new service called ‘Amazon Pay Later’

The service aims to offer instant credit to eligible customers shopping on Amazon.in

This credit can be used to shop on Amazon or pay off bills

Amazon Pay Later launched in India: Everything you need to know

Dell Vostro

Power New Possibilities | Dell PCs starting at Rs.35,990*

Click here to know more

Advertisements

Amazon has launched a new service called ‘Amazon Pay Later’ that aims to offer instant credit to eligible customers shopping on Amazon.in. The service lets people sign up digitally and allows customers to get instant credit that can be used to purchase any product. The credit can also be used to pay off bills. They can then repay the amount in the subsequent month at no additional cost, or in EMIs for up to 12 months with added interest. 

Amazon Pay Later service details

The service aims to help customers extend their budgets for the purchase of goods like home appliances, electronic gadgets, groceries and even bill payment. The e-tailer has partnered with Capital Float and the Karur Vysya Bank (KVB) to make the service possible. In its official blog, the company notes that customers will have the option to setup auto-repayment for recurring bills. Based on the usage as well as repayment behaviour, customers will also be able to increase their credit limit. 

Mahendra Nerurkar, CEO Amazon Pay India stated, “we are always looking for ways to improve our customers’ payments experience on Amazon.in and make purchases more affordable. Amazon Pay Later is a unique service that will help customers expand their access to credit and experience the most convenient option of making payments. In current times Amazon Pay later empowers our customers to better manage their monthly spends.”

You can learn more about Amazon Pay Later in the company’s help section here.

In order to sign up for the service, customers will need to share their PAN card number and their Aadhar card number. It should also be noted that eligible customers do not need a credit card to sign up. In fact, the service is very similar to the Amazon Pay EMI service that was launched in September 2018. 

logo
Digit NewsDesk

The guy who answered the question 'What are you doing?' with 'Nothing'.

Digit caters to the largest community of tech buyers, users and enthusiasts in India. The all new Digit in continues the legacy of Thinkdigit.com as one of the largest portals in India committed to technology users and buyers. Digit is also one of the most trusted names when it comes to technology reviews and buying advice and is home to the Digit Test Lab, India's most proficient center for testing and reviewing technology products.

We are about leadership-the 9.9 kind! Building a leading media company out of India.And,grooming new leaders for this promising industry.

DMCA.com Protection Status