The Amazon Pay Lotter service launched in India will get instant credit

Amazon has launched a credit service for Indian customers called ‘Amazon Pay Lotter’. The service is an upgraded version of Amazon Pay EMI, launched in September 2018. However, customers will get more benefits from this service, customers will get instant credit on all products like online listings in Amazon Marketplace, in addition to this credit, they will also be able to use it to buy groceries and pay bills. Using the Amazon Pay Letter service, customers will have the option to pay next month without any additional charges. For large transactions, you can also get 12 months installment.

The goal of the Amazon Pay Lotter service is to encourage Indian customers to buy more and increase their budget when shopping. This service allows the customer to pay the total amount after purchasing the products listed on Amazon next month. In addition, the customer will also get 12 months EMI option. The interest rate on this monthly EMI will be between 1.5 to 2 percent, but there are many products on Amazon that are available at a free EMI, meaning you can buy these products without interest.

In addition to credits to all products listed on Amazon, you can also take advantage of the Amazon Pay Letter to pay your monthly bills such as electricity bills, water bills and recharges. As we told you, the use of Amazon Pay Letter is found in almost all Amazon products but this feature does not apply to some jewelry, Amazon Pay gift cards, Amazon Pay balance top-ups, Amazon Global store products and gold and silver.

Amazon India Director Bikash Vansal says that Amazon Pay can only use EMI for large purchases, which you had to pay in installments. But now that they’ve upgraded to Amazon Pay, customers can use it in small purchases.