Amazon Pay accepted by 85 lakh small and medium businesses

New Delhi, June 9 (KNN) Over 85 lakh small & medium businesses (SMBs) are accepting payment through Amazon Pay, an online payments processing service owned by Amazon digital.

Before adopting the digital payments infrastructure, these merchants largely transacted in cash for business operations.

Commenting on this achievement for Amazon Pay, Mahendra Nerurkar, CEO & VP of Amazon Pay India said, “This milestone is a testimony of the trust that India’s 85 lakh+ SMBs have on us and we are truly humbled. We will continue to remain focused in our efforts to bring forth holistic initiatives, transform the way India pays and further catalyze the payment acceptance ecosystem for SMBs.”

He further said that our aim is to empower offline merchants, provide them with opportunities to expand their businesses, and enhance their payment experience amongst multiple other touch-points that expedites their digital journey.

Sharing some of the benefits of using Amazon Pay, Sai, Owner of Sai Apollo Medical Store, Andhra Pradesh, said, “Service becomes faster and we face fewer problems when Amazon Pay is used. The platform makes it so much easier to handle transactions.”

From the 85 lakh+ SMBs, there are more than 40 lakh retail and shopping outlets such as kirana stores, general stores; over 13 lakh food and beverage outlets and around 30 lakh service providers such as salons, mobile recharge and more.  (KNN Bureau)