Amazon Pay targets MSMEs with broader digital-credit push after crossing 10m Pay Later users
Amazon Pay India is expanding Amazon Pay Later and Axio-led credit offerings for consumers and small businesses. Through Kotak Mahindra Bank, Business Prime members can access 5% cashback, GST-compliant purchasing and up to 48 days of interest-free working-capital credit.
What happened
Amazon Pay India plans to broaden its smart-wallet and digital-credit offering through Amazon Pay Later and Axio, targeting consumers and MSMEs. Its Kotak
Key facts
- More than 10 million Amazon Pay Later users
- 70% of small businesses on Amazon Business are sole proprietors
- 5% cashback for Business Prime members
- 48 days of interest-free working-capital credit
- Viksit Bharat by 2047
Why this matters
Amazon’s 10m-plus Pay Later base and Axio/Kotak partnerships make MSME lending, accounting, procurement and B2B payments platforms logical partnership or acquisition targets.