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Amazon Launches ‘Amazon Pay UPI’ For Android Users in India

This launch is a key step to enable Amazon customers in adopting BHIM UPI as a digital payment method, thereby helping the Indian government's initiative of "Cashless India", the company added

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The logo of Amazon, online retailer is seen at the company logistics center in Lauwin-Planque, France. VOA

To facilitate secure payments and financial transactions on its platform, Amazon on Thursday launched “Amazon Pay Unified Payments Interface (UPI)” for Android users in partnership with Axis Bank to issue UPI IDs to its customers in India.

UPI is an instant real-time payment system developed by National Payments Corporation of India processing inter-bank transactions.

With this, users would be able to use their Amazon Pay UPI ID to shop on Amazon.in, make payments for their daily purchases, including recharges and bill payments, without entering bank account or debit card credentials or going through a multi-layer process to pay from their bank account, the company said in a statement.

“The launch of Amazon Pay UPI is a key milestone to help accelerate adoption of merchant payments on UPI platforms,” said Vikas Bansal, Director, Amazon Pay, India.

Amazon Pay
‘Amazon Pay UPI’ launched for Android users in India.

Every customer transaction on Amazon is secured through mobile device verification as well as with UPI pin.

Customers could link their bank accounts and complete one time set-up process by setting up a UPI pin to make instant payments.
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This launch is a key step to enable Amazon customers in adopting BHIM UPI as a digital payment method, thereby helping the Indian government’s initiative of “Cashless India”, the company added.

Launched in 2007, Amazon Pay – the online payments processing service owned by Amazon – uses the consumer base of Amazon.com and focuses on giving users the option to pay with their Amazon accounts on external merchant websites. (IANS)

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HP Considering India as a Key Focus Area

India is key focus area, 3D printers next big thing

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HP India
HP unveils 65-inch gaming display with soundbar at CES 2019. Flickr

India is a very attractive market with high brand recognition for a computer hardware producer like HP, said HP Inc’s President for Asia Pacific and Japan, Tian Chong Ng.

The Asia Pacific region — in which India is a key focus area — has been the fastest growing for HP and provided 16 per cent revenue growth last year.

In Q1 of FY2019 it registered 8 per cent growth year-on-year, said Ng in the course of the HP Reinvent 2019 conference, the company’s largest global partner event.

One reason for that is — India – and also the Asia Pacific region — tick marks on demographics trends which provide clear wins for HP: rapid urbanisation and more millennials are joining the work force.

While HP is very positive on India and recognises its potential, there are no plans yet for setting up a manufacturing base in India. Ng said it already has a manufacturing base in China apart from others in Vietnam, Thailand and Japan.

HP
HP. (IANS)

“There is an existing ecosystem in China and we don’t have plans for setting up a manufacturing base in India, he said.

One focus area is the 3D printer, which offers HP great opportunity. Construction and automotive sectors are the focus areas here. Meanwhile, an MoU has been signed with the Andhra Pradesh government.

“To be successful in India demands that we understand it,” he said.

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HP is also pushing gaming in a big way. However, this has not led to any thinking for manufacturing mobile phones in India, despite the high number of gamers in the country spurred by affordable android phones and cheap data.

“Our strength is the PC business and we offer a whole family of products in that space,” Ng said. (IANS)