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May, 10 2018

Amway Extends UPI to over 7Lac Biz partners For Cashless Transactions

Amway has been driving various innovative and digital payments options for its business partners. In past, company has done multiple initiatives to drive Digital and Cashless India agenda with over 90% of its business entirely done with digital payment o

Amway India the country’s leading direct selling company and a wholly owned subsidiary of Amway, USA has rolled out UPI based payments option for its 7,00,000 plus business partners. Amway has been driving various innovative and digital payments options for its business partners. In past, company has done multiple initiatives to drive Digital and Cashless India agenda with over 90% of its business entirely done with digital payment options like digital wallets and now UPI.

For its' continuous innovation and various solutions across company has won various local and global accolades. Recently, company was awarded with Highly Commended Winner of the Best Solution in India category at the Adam Smith Awards Asia, held in Singapore. This was the 5th Adam Smith Award won by Amway India in the last 4th years. Running for the 10th consecutive year, the Adam Smith Awards Asia are the ultimate industry benchmark for achievement in corporate treasury.

On receiving the award, Mr. K.V Hariharan, Senior Vice President Finance, Amway India said, “We are pleased to provide multiple innovative solutions to our business partners and help them grow their business in fastest and most efficient way.”

Speaking on the occasion, Bikash Mukherjee, Associate Vice President and Treasury Head, Amway India, said, “Amway India has a philosophy to innovate in order to improve productivity and efficiency across all areas of business including treasury. 95% of sales transactions being processed electronically is a testimony of our efforts in this direction. We are delighted to be offering this very exciting service tool to all our business partners.”

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