back Back

Kotak Mahindra Bank introduces cardless EMI on Amazon

By Delisha Fernandes

November 15, 2023

  • Amazon
  • Amazon Pay
  • Cardless EMI

Kotak MahindraKotak Mahindra Bank has announced the launch of Cardless EMI (Equated Monthly Instalments) Payments on Amazon Pay, to provide its pre-approved customers easy access to instant consumer finance, with just their Mobile Number and PAN (Permanent Account Number).

The strategic partnership with Amazon Pay focuses on providing easy credit access and a seamless payment experience to customers, further enhancing their shopping experience this festive season. Shoppers on can now convert their high-value purchase of Electronics, Furniture, Lifestyle, and Apparel into convenient monthly EMIs, without using debit card, credit card, or even UPI.

Key Features:

  • Instant Approval and Credit: Enjoy instant approval and immediate access to credit, simplifying your online shopping experience.
  • End-to-End Digital and Secure: Experience a seamless, paperless, secure and hassle-free process with Kotak Bank’s digital approach.
  • Credit Limits up to Rs 5,00,000: Bigger credit limit to fund large-ticket purchases.
    Flexible Repayment Options: Tailor your payments with flexible monthly instalment choices of 3, 6, 9, or 12 months.
  • Exclusive for Kotak’s Pre-Approved Customers: Kotak Cardless EMI is for the bank’s pre-approved customers, enhancing their shopping experience.

Mr Amit Pathak, Business Head –Consumer Finance, Kotak Mahindra Bank, said, “We are seeing Emi-sation of big ticket transactions, with strong interest from new to credit customers. EMI transactions have risen in popularity as they make consumer finance affordable than ever before. Customers prefer to pay in EMI as long as the process or experience is hassle-free. We are making EMI transactions convenient than ever before for our customers with the Cardless EMI payment option on Amazon during the festive season.”

Previous Article

November 15, 2023

Optty selects Monoova to access faster payment rails in Australia

Read More
Next Article

November 15, 2023

Mangopay launches end-to-end FX solution

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024


Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Nuvei and Mastercard team to enable crypto to fiat conversion

Read More


Payset and ClearBank partner for local and cross-border payments

Read More


Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024