Amazon Pay has collaborated with Bharat BillPay, the biller platform of the National Payments Corporation of India (NPCI), to strengthen its loan repayment facility.

* Loan repayment is one of the top categories in terms of bill payment, amongst other options such as electricity and municipal tax payments.

* The companies said in a joint release, adding that the category facilitates loan repayment option for customers who avail of their loans through banks, microfinance institutions, and NBFCs, and need a convenient payment option to pay their EMIs on time..

Source : The Hindu Businessline