Money & Banking

RBL Bank ties up with Amazon Pay to offer UPI payment services

BL Mumbai Bureau | Updated on: May 20, 2022

Move will expand the bank’s presence in the UPI segment, says RBL in a statement

Private sector lender RBL Bank has tied up with Amazon Web Services (AWS)to offer UPI payments. 

“The bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions,” it said in a statement on Friday. With this integration, Amazon Pay will issue NPCI’s allocated UPI ID with the handle @rapl to RBL Bank, it further said.

“The partnership will allow the bank to tap Amazon Pay’s growing customer base and transaction volumes,” it said, adding that it move will expand the bank’s presence in the UPI segment with its payment processing platform hosted on AWS.

Published on May 20, 2022
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