Amazon launches instant credit line – Pay Later

BENGALURU: Amazon Pay has launched ‘Amazon Pay Later’, a service that will extend a virtual line of credit to eligible customers shopping on Amazon.in. It has partnered with digital lending startup Capital Float and Karur Vysya Bank for this offer.

Amazon said its customers will get access to instant credit that they can use to buy products ranging from daily needs and groceries to electronics and clothing, as well as to pay their bills on the website.

It will also extend to purchases such as home appliances and electronic gadgets once e-commerce deliveries of non-essentials are allowed by the government, said an Amazon spokesperson.