Amazon Pay Later service launched in India; lets you buy goods priced up to Rs 60,000 on credit

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  • Amazon Pay Later credit service is available for tens of thousands of users across the country
  • The service offers credit of up to Rs 60,000, with the option to repay the amount in subsequent months and in EMIs

Amazon Pay Later service has been launched, a financial service that offers instant, zero-interest credit of up to Rs 60,000 to customers, in India. The service extends a virtual line of credit to customers shopping online, which can then be used to buy almost any products listed on the This is also valid for groceries and utility bills. The credit repayment can be done in the subsequent month at no additional fees, or in EMIs of up to 12 months. The payment in monthly installments comes with an interest rate, but that can be subsided with Amazon’s no-cost EMI option on various products.

What is Amazon Pay Later?

Amazon Pay Later is the company’s holistic financial service that credits money to buyers shopping online. The company had been testing the service in the country for quite some time, but now it’s available to tens of thousands of eligible customers. Amazon’s Pay Later is similar to Flipkart’s Pay Later, which offers instant credit of up to Rs 5,000 at no additional cost for up to 40 days. The credit can be used to buy any product listed on the marketplace, with an option to pay later in subsequent months. It also allows consumers to opt for credit for paying monthly utility bills such as electricity or water or even for mobile bills and recharges or purchase essential products during the lockdown.

Customers can borrow any amount between Rs 1 – Rs 60,000, in line with RBI regulations. As stated above, there is no interest cost applied for buy now, pay next month usage. However, a ‘nominal’ fee will be charged to customers choosing to pay by EMIs (3-12 months). “The details about the interest cost payable will be communicated to you on payment page while choosing the EMI plan,” per Amazon.

How to avail Amazon Pay Later credit

Amazon Pay Later How to activate
  • To avail the credit, you need to register for the Amazon Pay Later service, which is currently available only on mobile
  • Go to Amazon Pay Later section within the Amazon app and select the ‘Activate in 60 seconds’ option
  • It’ll redirect you to the lending partner for completing the one-time setup by entering your Know-Your-Customer (KYC) details
  • You can complete the KYC online via OTP or Doorstep visit; the latter, however, is not available at the moment due to the lockdown
  • Following the KYC completion, customers can check their Amazon Pay Later registration status from the Amazon Pay Dashboard. The latter can also be used for checking transaction records

The Amazon Pay Later credit eligibility is based on a host of factors, including the information available with Amazon and your credit bureau history.


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