Amazon Pay has launched card-less EMIs for selected Amazon customers. Amazon Pay EMI provides instant financing options to customers who may not yet have access to credit for purchasing high value products, upto Rs. 60,000 by splitting their purchases into instalments at low interest rates.
Currently, this is an invite only program and selected customers have to complete a simple two-step registration process to get an assigned credit limit which they can use to make high value purchases on Amazon marketplace.
Customers without access to credit, often find it difficult to afford high value purchases and go through the hassle of saving up or delaying their purchase. With this initiative, Amazon Pay will reach out to customers who do not have access to credit cards and consumer lending solutions, helping them afford purchases on installments.
Amazon Pay has partnered with Capital Float as its lending partner to design and enable Amazon Pay EMI, facility for select customers,