A new credit line will be introduced on Amazon’s platform platform
Amazon and Goldman Sachs have teamed up in order to provide a new credit line for the US merchants. The project is reportedly called ‘Augusta’ which had been developing for 2 years.
In fact, small businesses selling through Amazon’s platform will get an offer to apply for credit lines up to $1 million with Goldman’s online consumer bank Marcus.
According to information, the new credit lines will carry fixed interest rates between 6.99% and 20.99%.
We’ve reported that Amazon has introduced the Alexa bill payment feature enabling Indian customers to pay their household bills by using their voices.