Amazon Pay UPI usage grows 16% YoY amid festive sales

Quick Summary:

Amazon introduced its "Bumper Rewards" programme to capitalise on the festive sales momentum, offering customers rewards of up to Rs 10,000 for completing UPI transactions.

Since launching Amazon Pay UPI in 2019, the company has added features like bill payments, utility payments, and bookings for travel and entertainment, which have become significant revenue sources.

Over 100 million UPI users have signed up on Amazon Pay since its its launch in 2019.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Amazon Transactions Terms Payments Services Information Rewards Festive Policy Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 09:51:38 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 199 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23117709

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 17 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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