Looking forward to ride credit on UPI wave: Amazon Pay India’s Jain

Amazon Pay, the payments and financial services arm of e-commerce giant Amazon, is looking to ride the wave of credit on the Unified Payments Interface (UPI) as early as the first half of 2024. The company aims to expand the usage and coverage of credit with this feature.

“The idea is to expand access to credit. It is not just to cater to credit-served customers. I see the biggest promise of the UPI credit line is to expand the usage of credit as well as the coverage of credit,” said Mayank Jain, director-credit and lending, Amazon Pay India, in an interaction with Business Standard.