The online payment service is very popular in India and the demonetization is the main reason, there is a good number of players out and today Amazon joins the league with Amazon Pay UPI, and that offers instant peer-to-peer payments service.
With the Amazon Pay UPI, users can able to make instant bank-to-bank transactions via the UPI platform on the Amazon India app. The payment service will allow users to pay bills and other payment-related things. The service also will allow to make payments from their bank account to local stores or to Amazon delivery associates at the doorstep.
Furthermore, Amazon claims that the P2P payments are secured through multi-factor authentication which involves the user’s phone, SIM details, and UPI PIN. The application will transfer money instantly and both the sender and receiver will be notified through SMS alerts and in-app notifications.
Part of the introduction, users can get up to ₹120 cashback on sending Money through UPI.