Amazon Pay eyes expansion with more bank, card network partnerships

Amazon Pay, the payment arm of e-commerce giant Amazon, is considering broadening its partnerships with additional banks and card networks. This comes as the company aims to expand its line of credit products for consumers and small businesses.

Vikas Bansal, Whole-time Director of Amazon Pay, said, “As we think about expanding our credit offering, we will absolutely consider whether we want to collaborate with more banks and card networks.” Bansal made the remarks when asked about the possibility of introducing a RuPay variant of the Amazon Pay-ICICI Bank credit card.