Tuesday, 30 April 2019

Amazon Pay launches P2P payments through UPI in India.


NPCI's United Payments Interface is widening in footprints in India through Indian and International apps and services. In its continuous effort make payments more convenient and foster everyday habits, Amazon Pay today announced the launch of person-to-person (P2P) payments for Android users. 

Amazon customers can now make instant bank-to-bank transfers using UPI platform on the Amazon app. Customers can use this functionality to settle bills/expenses with friends, lend/return money to family, pay rents, pay for services like house-help, newspaper bills, milk subscription and more. Customers can also make payments from their bank account to local stores nearby or to Amazon delivery associate at doorstep by scanning UPI QR codes using the Amazon app. Built on the Govt. of India backed UPI platform, customers can send or receive P2P payments by simply selecting a contact from their phone contact book or entering UPI ID or Bank Account of the recipient. Money transfers have never been more easy and convenient.

Customers can now send or request money instantly directly from the Amazon Mshop app. Further, Amazon Pay has made it easier for customers to make repeat payments by displaying recent transactions. The customers can easily access their phone contact book and initiate payments by simply tapping on the contact. Amazon auto-detects if the contact is a registered Amazon Pay UPI customer and enables instant bank to bank transfer. If the contact is not registered for Amazon Pay UPI, the customer has the option to pay using any another BHIM UPI ID or contact’s bank account. After selecting contact, the customer inputs the amount and enters UPI PIN to confirm payment. All P2P payments are secured through multi factor authentication involving customer’s phone, SIM details, and UPI PIN. The money is transferred instantly and both customer and receiver are notified through SMS alerts and in-app notifications.

Amazon customers can make instant bank to bank transfers through the ‘Send Money’ or ‘Request Money’ link on through their Amazon Android app. As a launch offer customers can get up to Rs 120 cashback on Sending Money through UPI.

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