Exclusive: Amazon Pay’s Credit on UPI will finance from online food to washing machine

In an exclusive interaction with ETBFSI, Vikas Bansal, Whole-Time Director of Amazon Pay India, confirmed the entry into Credit on UPI business, and said the Fintech is working with the NPCI, and banks. On the question of launch date, he said that it will happen ‘very soon’. He further spoke on the recent development of getting a PA license from the RBI, and said it is a validation of our business model, governance, and the compliance framework.