Business brief
- Country:
- India
E-commerce major Amazon has integrated Amazon Pay Later facility with its business arm for offering instant credit lines to business customers, the company said on Wednesday.
On the occasion of its sixth anniversary in India, Amazon Business in a statement said it will offer virtual credit to eligible customers, aimed at digitising business customers across the country and play a crucial role in scaling their credit availability to MSMEs along with hassle-free payments.
The credit utilized can be successfully repaid in the subsequent month at no additional fees, or through easy EMIs up to 12 months at nominal interest rates with no hidden charges involved.
Amazon Business started with 14,000 sellers in 2017, becoming the largest aggregator of GST enabled selection in India with more than 19 crore products carried by more than 10 lakh sellers. The company has seen CAGR of 150 per cent increase in customers and 145 per cent increase in sales.
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