Amazon pay announces onboarding of 18,000 merchants through ‘Smart Stores’ program

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The South India times Hyderabad: Amazon Pay on Thursday announced the onboarding of 18,000 merchants across the country through its ‘Smart Stores’ program. In addition to this, more than 800 local stores in Telangana signed up under this program, the company said in a release here.

Amazon Pay Smart Store is an innovative offline shopping experience that enables offline stores to be discovered by customers and improves in-store 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.

More than 4000 Amazon Pay Smart Stores are from the Southern states of India. Commenting on the initiative, Girish Krishnan? Director, Rewards and Merchant Services, Amazon Pay India, said,? We are committed to enabling merchants and customers with easy access to credit, reducing friction in their everyday transactions, and maximizing 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 consistent incremental growth in their overall sales.

Starting in 2020, the Amazon Pay Smart Stores Program is expanding in multiple cities across India, including Tamil Nadu, Andhra Pradesh, Karnataka, and Telangana, Krishnan said.

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