17 December 2017
visit www.ebaday.com

Amazon brings cash option for the unbanked to UK

25 August 2017  |  13339 views  |  1 Shopping bag covering womans face

Amazon has brought a service that lets people top up their accounts by handing over cash at the physical locations of partner retailers to the UK.

To use Amazon Top Up, shoppers visit the Amazon site or app and request a barcode that they can either receive via text message or print off.

The shoppers can then visit one of thousands of stores and petrol stations with PayPoint points and show the barcode to an employee, hand over cash, and have the funds added to their Amazon accounts within seconds.

The free service - which launched in the US in April - is aimed at people who may want to shop online but are unbanked and so have limited options beyond cash.
KeywordsE-COMMERCE

Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 28 August, 2017, 15:42

Does anyone know just how many people are there in UK "but are unbanked and so have limited options beyond cash."?

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Amazon targets unbanked with new cash option

Amazon targets unbanked with new cash option

03 April 2017  |  9312 views  |  1 comments | 17 tweets | 17 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.response.ncr.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10585 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10175 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7344 views comments | 9 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7271 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6679 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job