Amazon looking to tie-up with more banks for credit card offerings

Global e-commerce giant Amazon is looking to tie-up with more banks for credit card offerings, as it sees high growth in the segment, a senior official said on Wednesday.

At present, the company has a tie-up with ICICI Bank for a co-branded credit card as part of which over 42 lakh credit cards have been issued as of June 2023.

‘… as we think about expanding our credit offerings, we will absolutely look at whether we want to tie-up with more banks and also want to expand to more networks and (that is) something we are deliberating right now,’ Amazon Pay’s whole-time director Vikas Bansal told reporters here.