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Amazon to collect expiring 2,000-rupee notes from Indian customers

NEW DELHI (Reuters) -Amazon said on Wednesday it will collect soon-to-be-withdrawn 2,000 rupee ($24) notes from customers in India and credit them to online wallets to help people struggling with the exchange process. India's central bank (RBI) decided last month to withdraw the largest denomination notes from circulation, asking people to deposit or exchange them at banks by the end of September. Amazon said its customers can hand over up to 50,000 rupees' worth to delivery agents f...
Andrew Cawthorne Vikas Bansal Tanvi Mehta Amazon Pay Amazon Pay India Andrew Heavens
Source: yahoo.com

Amazon Pay accepts Rs 2,000 notes to top up customers' digital wallet

Amazon customers can now use their Rs 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs 50,000 per month, including notes of Rs 2,000 denomination, Amazon said. The cash load at doorstep service by Amazon Pay is helping consumers convert high-value notes for digital transactions.
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Source: rediff.com

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