Amazon ties up with Bank of Baroda to attract more sellers
September 16th, 2017
Online marketplace giant Amazon India is racing against time to bring in more sellers so that they sell more on its platform during the festive season. Amazon tied up with the Bank of Baroda to offer micro loans to its sellers. The firm’s arm, Amazon Seller Services Pvt Ltd (ASSPL), is bringing in more financial partners so that it can cater to its 225,000 seller base. The company had last year announced the launch of a seller lending programme in India for small and medium businesses to get fast and easy access to working capital.