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Amazon enters into agreement with Goldman Sachs

Jun 12, 2020

A new credit line will be introduced on Amazon’s platform platform

Amazon and Goldman Sachs

Amazon enters into agreement with Goldman Sachs. Source: flickr.com

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.

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