Amazon has launched Amazon Pay UPI for android users in partnership with Axis Bank to provide UPI IDs to Amazon’s customers in India. UPI is an instant real-time payment system developed by National Payment Corporation of India to process inter-bank transactions.
With this new feature of Amazon Pay, now user will be able to use their UPI ID to shop on Amazon online store., user can ay for their daily purchased, such as recharge and bill payment, without entering their bank account and debit card credentials multiple times, it’s a multi-layer process to pay from their bank account.
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“The launch of Amazon Pay UPI is a key milestone to help accelerate adoptio of merchant paymetns on UPI platforms,” said Vikash Bansal, Director, Amazon Pay.