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Amazon Pay India Users Can Get Cashback Of Rs 1,000

Amazon India Users Can Get Cashback of Rs 1,000

There’s good news for Amazon Pay users in India: Amazon is giving customers in the region cashback of up to Rs 1,000 ($14) when they load in Rs 5,000 ($71) or more, according to reports.

The service, which the retail giant introduced in January of 2018, can help buyers add cash to an Amazon Pay balance right from their door when packages are delivered.

If customers don’t want to add the Rs 1,000, they have the option of loading smaller amounts – if they add Rs 100 ($1.40), they will get Rs 50 back ($0.70) after choosing the cash on delivery option.

The cash add-ons are available until the end of January, and the extra cash will be given in the form of an Amazon gift card.

Also for India, Amazon recently announced a shopping event called the “Amazon Great Indian Sale,” which will have discounts and deals on more than 170 million products, starting on Jan. 20 and running through Jan. 23. Customers can get an additional 10 percent discount if they use HDFC Bank cards. Prime members will get a 12-hour head start on the sale.

Last year, Amazon and private equity firm Samara Capital announced they were acquiring the Indian supermarket chain More for an undisclosed amount. The transaction was valued at ₹4,200 crore ($583 million).

The acquisition of More’s parent company, Aditya Birla Group, is to be handled by Samara Capital’s arm Witzig Advisory Services, of which Amazon is a minority stakeholder. RKN Retail revealed in an exchange filing that it’s going to sell all of its 62.2 percent stake to Witzig.

“The board of directors of the company, at its meeting held on Sept. 19, 2018, has approved the sale of its entire shareholding in Aditya Birla Retail,” RKN said.

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