Amazon gets into the action by launching Amazon Pay UPI for Android users and by now, we have lost count of the UPI-enabled payments apps we have in India. There is Google Pay, PhonePe, Paytm, WhatsApp Payment, Truecaller, Freecharge, Mobikwik and more! And now that has Amazon has integrated UPI into Amazon Pay, we can compete with the likes of Google Pay, PhonePe, Paytm and more.
Short for Unified Payments Interface, UPI is created by National Payments Corporation of India (NCPI) that allows users to transfer or receive money in real time. Unlike NEFT, UPI eliminates the need for details like bank account number and IFSC code to transfer money from one account to the other.
Amazon has partnered with Axis Bank for UPI transactions. You can now register for UPI through Amazon and set up your UPI ID. All you need to do is link your bank account and start transacting on Amazon and other third-party apps and websites that accept UPI. Here is how you can set it up:
Step 1: First things first, open Amazon app, tap Amazon Pay and go to your payments dashboard.
Step 2: Go to Payments Options > Manage Payment Options > Manage Bank Account > Add a new bank account.
Step 3: Tap Add bank account linked to UPI.
Step 4: You have to choose your bank from the list. You can only add Indian savings bank account.
Step 5: In case you have multiple SIM cards on your phone, you have to select the SIM card (mobile number) associated with your bank account.
Step 6: Tap Verify your mobile number. Amazon will send an SMS (one-time password) and read it to verify your mobile number.
Step 7: Once you verify your mobile number, it will retrieve your bank account details. Tap Link Bank Account to link it.
Step 8: You have to verify your debit card details using the last six digits of your debit card number and expiry date of your debit card.
Step 9: Tap the option Set your UPI PIN and follow the on-screen instructions to set your UPI PIN.
Step 10: In case you have an existing UPI PIN, enter the same.
If you don't remember your PIN, you have to tap Forgot UPI PIN and follow the on-screen instructions.