Over 85 lakh small and medium businesses accept digital payments via Amazon Pay

Chennai: As part of Amazon India’s endeavor to digitally enable small & medium businesses (SMBs) Amazon Pay announced that it has empowered over 85 lakh+ offline small business owners and entrepreneurs with its digital payments infrastructure.

Earlier, these merchants largely transacted in cash for business operations, now they accept payments from their customers using Amazon Pay’s QR Code. Furthermore, initiatives such as Amazon Pay for Business App, voice notification feature, easy availability of working capital loans, have enabled such micro-businesses, and merchants to experience a convenient digital journey.

Mahendra Nerurkar, CEO & VP, Amazon Pay India said “SMBs form the backbone of India’s economic growth. 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. 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.”