Charting out its offline plans, Amazon bolsters its 'Pay' with P2P service

The launch of P2P payments will help Amazon customers make instant bank-to-bank transfers using UPI platform on the Amazon app.

Getting things right before its impending war with Reliance Industries (RIL), online marketplace giant Amazon India on Sunday announced the launch of person-to-person (P2P) payments on Amazon Pay.

This move is critical in the run-up to launching its business-to-business (B2B) services for kirana stores as expanding its offline transaction base.

The company is planning to bundle the payments services with goods and services tax (GST) invoicing as well as lending services to create back-end payments and an inventory management mechanism for offline traders. 

Reliance Jio’s ‘new commerce’ plans include inventory management and providing point-of-sale devices, which would help kirana store