Amazon Pay vs Paytm
Last updated: August 15, 2014
Millions of Amazon customers can login and pay on your website with their stored account information on Amazon.com. Login and Pay with Amazon can help you add new customers, increase sales and turn casual browsers into buyers. It’s fast, easy and trusted — leverage the Amazon brand to grow your business.
Paytm is India’s largest mobile commerce platform. Paytm started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. We have over 20mn registered users. In a short span of time Paytm has scaled to more than 15 Million orders per month.
Amazon Pay vs Paytm in our news:
2014 - Amazon launches mobile card reader to compete with PayPal and Square
Amazon entries into the mobile payments market with Local Register - a card reader and mobile app for small businesses. The new product competes directly with companies like Square and PayPal in the fast-growing market for payment transactions. Local Register requires users to register, purchase a $10 card reader and download the free app, which is available through Amazon, Apple or Google. Once signed up, users receive the first $10 in transaction fees back, canceling out the initial cost of the reader. Amazon is launching the product with a limited time offer aimed at enticing businesses to sign up. Any company that signs up before October 31 will be charged 1.75% per swipe until January 1, 2016, below the 2.75% charged by Square and 2.7% charged by PayPal 's card reader program Here. Amazon's standard rate will be 2.5%.