What is Amazon Pay and how does it work?Its getting popular i notice today

Hello there anyone have any idea How amazon pay works.I thought it justa normal upi app

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Recently I am also noticed that more and more people are started using Amazon pay. So as My FOMO kicks in I started my own research that is there something i missing out in the market.And I curate these info
Amazon Pay is a digital wallet and payment service offered by Amazon that allows users to make fast, secure payments both on Amazon.in and on partner websites or physical stores using saved payment methods, UPI, credit/debit cards, or Amazon Pay balance.

To get one you have to

  1. Sign In: Use your Amazon account—no separate sign-up needed.
  2. Payment Methods: Link your UPI, Amazon Pay ICICI Credit Card, debit/credit cards, or use your Amazon Pay balance.
  3. Make Payments
  4. Earn Rewards: Many payments come with cashback, offers, or no-cost EMI options.
  5. Track Transactions: View all payments, refunds, and cashback from your Amazon Pay dashboard.

Happy Swiping Buddy :+1::+1:

If we talk about the digital wallets, Amazon Pay is just like PhonePe, Mobikwik and other payment apps - it lets you pay bills, recharge, send money through UPI, and shop online. But the difference is that Amazon Pay comes with the complete Amazon ecosystem and some extra features that make it popular.

  • Amazon Pay Balance - Works like a wallet for fast shopping, bills, and recharges.
  • Amazon Pay UPI - Send money directly from your bank or scan QR codes.
  • Amazon Shopping - 1-click checkout with instant refunds and easy payments.
  • Cashback & Offers - Extra discounts on Amazon and partner apps like Swiggy & BookMyShow.
  • Credit Card - Amazon Pay ICICI card gives 5% cashback on Amazon purchases
    Amazon pay features

Also, amazon prime is already popular for providing 1 membership/subscription for multiple benefits like Prime Video, Prime customer/user membership on Amazon Shopping.