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Amazon Pay Announces Onboarding Of 18,000 Merchants Across Tier-II, III Cities
Amazon Pay Smart Store is an innovative offline shopping experience that enables offline stores to be discovered by customers
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Amazon Pay announced onboarding of 18,000 merchants across Tier-II, III cities through its ‘Amazon Pay Smart Stores’ program. Amazon Pay Smart Store is an innovative offline shopping experience that enables offline stores to be discovered by customers and improves instore sales by offering best in class affordability propositions across the widest array of payment options.
It strengthens Amazon Pay’s endeavor to digitally empower offline Small and Medium Businesses (SMBs), retailers and micro merchants and unlocks new growth opportunities for them.
Girish Krishnan – Director, Amazon Pay Rewards said, “We are committed to enable merchants and customers with easy access to credit, reduce friction in their everyday transactions and maximize their savings. Amazon Pay will continue to offer innovative solutions to customers choosing to shop offline including better discoverability of nearby stores, affordability propositions like No Cost EMIs, bank discounts, value added services such as insurance, warranty and much more."
Merchants registered on the Smart Store Program witness a consistent incremental growth in their overall sales. The Amazon Pay Smart Stores Program is expanding in multiple cities across India, including Tamil Nadu, Andhra Pradesh, Karnataka, and Telangana. In the past one year, the program has seen an 72 per cent increase in sign-ups from SMBs dealing in mobiles, electronics, laptops, large appliances, clothing, shoes, grocery, and kitchen.
Nagendra Jain Store Owner Jeevan deep Agencies Udaipur, Rajasthan says “For the past two years, Amazon Pay has been my preferred payment option. 90 per cent of customers are satisfied with the triple benefit offer from Amazon Pay, which includes Amazon Pay Instant Cashback + No-Cost EMI + Bank Offers. Customers value the ease of using a variety of payment options without having to worry about carrying cash or credit cards. Today, Amazon Pay is accounting for 40 per cent of all store transactions and we appreciate Amazon Pay Smart Store Program for bringing together all the offers - we were able to raise total sales by 15 per cent. All the payments are transferred to our bank account in one business day and I can easily track my payments with the help of Amazon Pay user friendly seller dashboard. We are able to convert cash customers to Amazon Pay because of the instant rewards and absence of post-transaction contacts. Best part of Amazon Pay Smart Stores is our store is now discoverable in Amazon.inapp in stores near me section which will access to all the A.inuser and it can help the increase store footfalls. Thank You for Making my offline store smarter with various features.”