Amazon Pay EMI Payment Method Launched for Mobile Phone Users

Amazon India has introduced a new payment method called the Amazon Pay EMI. Currently, this new payment method allows Amazon India mobile users to pay via easy debit card EMIs at low-interest rates. Amazon has brought this new payment method over its mobile platform in partnership with Capital Float, and it will allow holders of debit cards from HDFC Bank, ICICI Bank, Canara Bank, Citi Bank, and Kotak Mahindra Bank to pay for their shopping on Amazon using EMIs. The Amazon Pay EMI will allow monthly instalments ranging from 3 months to 12 months. Previously, the e-commerce giant had expanded the availability of EMIs to HDFC Bank debit card holders, followed by ICICI Debit card and Axis Bank debit cardholders.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

amazon-pay-emi-option

How Does the Amazon Pay EMI Feature Work?

Presently, the Amazon Pay EMI feature remains an invite-only one and only select Amazon users will be granted the functionality. To make use of this new feature members will have to register themselves for the program, following which they will be given a credit limit to make high-value purchases on the e-commerce platform. Further, it’s also noteworthy that users will have to verify themselves to use the feature by providing their PAN card and Aadhar card details. An OTP will be sent to the users’ Aadhaar linked number for confirmation. After completing the verification process, users will be able to make purchases of up to Rs 60,000 which Amazon grants as the credit limit to the users.