Amazon Pay Later Hit! One year after launch, 20 lakh customers signed up, you can also avail

New Delhi. Amazon’s Buy Now Pay Later ie Pay Later service is getting tremendous response in India. The company reported that its pay later service has received over two million sign-ups in India. Amazon launched this service in April last year amid the pandemic. Pay Later gives users in India the option to buy essential and expensive items in easy installments. Which users can do their favorite shopping either through EMI or by paying money together in the next month of purchase. The e-commerce company says that Amazon Pay Later is a payment method where banks and financial institutions provide instant credit lines to customers along with an easy digital sign-up process. Amazon said the service has recorded more than 10 million transactions with a 99.9 percent payment success rate.

Empowers to manage expenses better
Vikas Bansal, Director, Amazon Pay India, said in a statement, “We are humbled to serve millions of customers on Amazon Pay Later, and offer a virtual line of credit to customers shopping on Amazon.in. Amazon Pay Later offers a seamless payment experience with in-built security features and empowers our customers to better manage their monthly expenses. Two million sign-ups is a testament to the adoption and confidence customers have of choosing Amazon Pay. Amazon notes that the new milestone reflects a growing preference among Amazon customers for digital payments, as well as easily accessible credit lines from banks and financial institutions that offer convenience that includes “rewards and security, among other benefits.” is included. is.

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Not only goods, electricity mobile bill and recharge also
Amazon Pay Later is designed to help. Customers expand their budgets for high value products like home appliances, electronic gadgets, everyday essentials, groceries, and even pay their monthly bills, be it electricity, mobile recharge, DTH and much more. Customers can avail the option to pay till the next month. No additional cost, or up to 12 months in easy EMIs at nominal interest rates through their bank accounts. Notably, many products on Amazon offer guaranteed cashback if they have chosen the Amazon Pay Later payment method.