Amazon Pay To Double Down On Insurance With New Offerings

SUMMARY

• Amazon Pay India CEO Vikas Bansal said that the company is expanding its insurance offerings to include travel insurance and ​other products
• The expansion plans are part of Amazon Pay’s strategy to evolve into a broader financial service platform, comprising credit, insurance and savings and investment products
• As part of its financial services push, Amazon Pay so far this year has launched fixed deposits and rolled out a co-branded credit card for small businesses on Amazon Business