ayush singh’s Post

With 1.4 billion people, India has diverse needs. Amazon Pay is striving to cater to them all in one place – whether they are travellers, shoppers or gamers. Watch the video below to learn more! #smarterwaytopay #amazon #payments #fintech #digitalindia

Why Doesn’t Amazon Push Lending Products? In India, digital platforms like Flipkart, Myntra, Tata Neu, Zepto, etc. frequently advertise personal loans and partner with NBFCs to offer credit products for users. Globally, e-commerce giants like JD(.)com and Alibaba have leveraged lending to boost revenue. Yet, Amazon takes a cautious approach. Why? 1) Market Differences: In China, where credit penetration is ~60%, Alibaba’s Ant Financial thrives with over 1 billion users globally. In contrast, India’s credit penetration stands at just ~5% compared to ~80% in the USA. Amazon’s cautious lending strategy reflects the early stage of India’s digital credit ecosystem. 2) Strategic Focus: Amazon prioritizes ecosystem-building over aggressively expanding into lending. Services like Amazon Pay Later enable purchases but stop short of full-fledged personal loans, aligning with its focus on seamless shopping experiences. 3) Measured Risk Management: For a consumer-first brand as trusted as Amazon, lending risks (defaults, disputes) could harm its reputation. Moreover, lending in diverse markets with stringent and varying regulations, like India's evolving digital lending norms, requires significant compliance efforts. Amazon opts for steady growth in credit via low-risk, purchase-tied solutions. 4) Focus on Core Growth Areas: Instead of deep-diving into lending, Amazon channels resources into high-growth, high-margin areas like AWS, Prime, and logistics, where returns are both stable and scalable. Amazon’s strategy reflects a deliberate choice to protect its brand and grow sustainably in a complex, competitive market. Could this change as India’s credit ecosystem matures, thoughts? #amazon #lending

Amazon's ₹600 crore investment in Amazon Pay India marks a significant milestone in the company's journey to dominate the digital payments space in India. As Amazon Pay continues to grow and innovate, users can look forward to enhanced services and a more robust digital payments ecosystem. This investment not only reflects Amazon’s commitment to the Indian market but also its vision of a cashless, seamless, and transparent financial future. 🚀💸 Stay tuned for more updates on how Amazon Pay is revolutionizing the fintech landscape in India! 🔔📱 #AmazonPay #DigitalPayments #Fintech #UPI #PrepaidWallets #GSTCompliance #AmazonInvestment #FinancialInnovation #DigitalTransactions #IndiaFintech #EcommerceNews #AmazonIndia #FintechGrowth #Cashback #RegulatoryCompliance #UPIGrowth

Amazon Pay India CEO Bats For MDR Regime For UPI Payments Call for MDR on UPI: Amazon Pay India CEO Vikas Bansal urges implementing merchant discount rates (MDR) for UPI transactions for fair value distribution. Equitable System: Bansal emphasizes a fair MDR regime to support smaller players without hindering digital payment adoption. Current MDR Issues: UPI lacks MDR, making it hard to monetize despite infrastructure costs, unlike credit cards which have a 1%-2% MDR. Government Support and Challenges: The government allocated INR 1,441 crore in FY24 for digital payment promotion but faced backlash over proposed UPI MDR charges. UPI Growth: UPI saw a 49% year-on-year transaction increase in June 2024, with NPCI aiming for 10,000 crore monthly transactions. Read the full article here - https://lnkd.in/gZnzyS8F #amazonpayindia #upi #trending #startupnewsfyi

L&T Finance Limited, an Indian NBFC, has formed a strategic agreement with Amazon Finance India to develop innovative financing solutions aimed at improving affordability for eligible Amazon customers and merchants. The collaboration was announced at RAISE 2024, India's flagship AI-focused event for the banking, financial services, and insurance (BFSI) industry, which was hosted by LTF in Mumbai. This fintech alliance intends to diversify #LTF's product offerings while also improving consumers' access to loans in a simple and effective manner. Sudipta Roy, Managing Director & CEO of LTF, emphasized the strategic significance of the relationship, saying, "We are delighted to collaborate with Amazon, marking a significant milestone in our commitment to provide innovative financial services across India.  

Digital payments are transforming the financial landscape in India at an unprecedented pace. As we look to the future, the potential for fintech to drive innovation and inclusivity is boundless. Excited to delve into these evolving trends with Vikas Bansal , CEO, Amazon Pay, India and Sujit Misra- Director, Payments, APAC, Amazon and discuss what lies ahead for the industry. P.S. What are your thoughts on this transformation of making payments? Comment down below. #AmazonPayatGFF #GFF24 #rajshamani #figuringout

📢 Exciting News! L&T Finance Limited has joined hands with Amazon Finance India to launch innovative credit products for Amazon’s eligible customers and merchants. 🚀 This strategic partnership strengthens L&T Finance's diversification strategy while enhancing credit access for consumers. From personal loans to SME loans, housing finance, and more, L&T Finance is committed to meeting diverse financial needs. MD & CEO Sudipta Roy emphasized the shift to a customer-centric approach, aligning with their Lakshya goals to offer tailored and innovative solutions. 💡 This isn’t the first impactful collaboration for L&T Finance! Earlier this year, they partnered with PhonePe for housing and two-wheeler loans and teamed up with CRED in the co-lending space for unsecured loans. Vikas Bansal Director of Amazon Finance India, shared that this partnership aims to empower customers to achieve their aspirations. 🌟 Together, these collaborations are transforming financial accessibility and empowering customers nationwide! 🌐 #LTF #AmazonFinance #StrategicPartnership #CustomerCentricity #Innovation #FinancialInclusion #CreditSolutions

Digital Payments in India: A Revolution in the Making Digital payments are changing the way we do business in India. It's like switching from a horse-drawn carriage to a high-speed train. The convenience, speed, and accessibility of digital payments are transforming the financial landscape. Imagine a world where you can pay for your groceries, book a ride, or even send money to friends and family with just a few taps on your phone. This is the reality of digital payments in India. Vikas Bansal and Sujit Misra will be discussing the future of digital payments at GFF24. They'll talk about how technology is making financial services more accessible to everyone, from small businesses to rural communities. What do you think about this digital revolution? Share your thoughts below! #AmazonPayatGFF #GFF24 #rajshamani #figuringout

The Power of Payments Partnerships: Insights from PayPal and Amazon Partnerships in the payments industry are more than just strategic alliances; they are the key to unlocking innovation and delivering exceptional outcomes. Reflecting on experiences at PayPal and Amazon, it's clear that leveraging internal and external partnerships can drive both operational efficiency and strategic success. At PayPal, payment operations were transformed by integrating new acquiring banks and processing connections around the world. This wasn't just about connecting systems; it was about building robust relationships with partners to deliver seamless, scalable solutions. By partnering with key stakeholders, PayPal enhanced its processing capabilities, allowing it to introduce features like withdrawal via card, new currency support, and expansion into new merchant verticals, including high-complexity areas like airlines. Through these partnerships, PayPal not only met but often exceeded its strategic goals, such as launching PayPal Here, which revolutionized card-present transactions across multiple markets. At Amazon, partnerships were crucial to optimizing payment operations and delivering strategic projects. Collaborating with internal teams improved authorization rates and streamlined payment processes, ensuring a seamless customer experience. Leveraging partnerships, Amazon integrated innovative payment solutions that supported its expansive growth and enhanced operational resilience. What makes these partnerships truly rewarding is the collaborative spirit and shared vision they foster. Working together towards a common goal, celebrating successes, and navigating challenges as a team adds an element of fun and fulfillment to the process. As an added benefit, I count many of these partners as friends. Key Takeaways: - Holistic Integration: Successful partnerships require a comprehensive approach, addressing both operational and strategic needs. - Continuous Improvement: Regularly engaging with partners to review performance and identify areas for enhancement is crucial. - Shared Vision: Aligning on a shared vision and working collaboratively ensures that all parties are invested in the success of the partnership. At the heart of every successful payment partnership is a commitment to innovation and excellence. As we continue to explore new opportunities, let's connect and explore how we can leverage partnerships to drive innovation in the payments industry! #Payments #Partnerships #Fintech #PayPal

https://lnkd.in/e7nkNNSG Nobody ever expected that future Retail would ever go to liquidation.This could have been saved by Amazon or lenders. Amit Agarwal . Neither Amazon saved it nor allowed any one to save it. ultimately Retail shareholders , other institutional investors , employees and vendors suffered huge sets back. At least lenders have been assured of good recovery from Reliance. Now it's going for liquidation without any value. Due to the adamant approach from lenders , Banks lost all lending amounts .It's in billions. There is an urgent need to clean up the entire banking system. Law has not played its role in Future and Amazon dispute.