As a launch offer Amazon Pay is also running a 15% cashback for all users.
Bangalore based payments technology company, Cashfree has launched Amazon Pay as a checkout option on its payment gateway. 5000 merchants will be able to accept Amazon Pay as a payment method. As a launch offer Amazon Pay is also running a 15% cashback for all users.
Akash Sinha, Co-Founder and CEO of Cashfree, said “Amazon is aggressively promoting Amazon Pay, so it’s a good time for our merchants to capitalize on this. We are really excited about being the first payment gateway to bring Amazon Pay as a payment options to 5000 ecommerce merchants. At Cashfree, we strive to bring the best offerings around fintech and payments to our merchants as soon as possible.”
Manesh Mahatme, Director Acceptance and Merchant Payments at Amazon Pay, said “We are excited to bring Amazon Pay to a large versatile set of merchants through Cashfree. We understand our customer’s payment needs and continuously seek to enhance their payment experience across the platforms they frequently use. Amazon Pay aims to provide a trusted payment bridge for millions of customers in India and we want to provide the same great experience to customers wherever they shop online. We are happy to partner with Cashfree to extend the trusted and convenient Amazon Pay experience for customers on their preferred payment platform.”
Cashfree currently does more than 4 Million transactions every month. Transaction volume growth has crossed 50% month on month mark on the back of new product launches. Transaction value is expected to cross Rs.2500 Cr per month by end of this fiscal.
Cashfree was founded in 2015 by IIIT Hyderabad graduate Akash Sinha and IIT Kharagpur graduate Reeju Datta. Cashfree is backed by payments pioneer, Paypal and the popular silicon valley accelerator, Y Combinator. There are currently 5000 online and offline businesses that use Cashfree’s platform to collect payments from customers or send money to users and vendors. It counts gaming site Rummycircle, Google backed Dunzo, donation platforms like Ketto and Milaap amongst its popular customers.
About Amazon Pay
Amazon Pay is an online payments processing service that is owned by Amazon. Launched in 2007, Amazon Pay uses the consumer base of Amazon and focuses on giving users the option to pay with their Amazon accounts on external merchant websites.