SparklyKoala

I want to understand that banks provide discounts on eCommerce websites

Hi, can any industry expert here explain to me how websites like Amazon work with banks like SBI to provide an ever-present 10% discount for using their credit card? How big a site has to be to get such deals with banks? And what is the process for the same? Is there discount sharing happening between banks and sites? If yes, what would be the ratio?

13mo ago

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SillyDonut

TCS13mo

Million++ recurring customers
Partnership roles are there at e-commerce websites
Sbi or axis get huge customer base due to eCommerce distribution and vice versa but latter is less coz in everyone's phone Amazon n Flipkart will be available.
Generally bank absorb maximum discount % like 60-70% and rest by ecomm and brands like apple or one plus etc.

Hope it helps

FuzzyMarshmallow

Stealth13mo

Sherlock bhai tcs k konse branch me ho? Accha project hoga to batao jara

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Can somebody from the fintech domain help me understand?

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