In an attempt to woo the “unbanked” and “underbanked” population, Amazon recently launched Amazon Cash, a payment method on its platform which does not require credit or debit cards. This payment method will allow customers to add cash to their Amazon account through participating stores where they can show a barcode generated by Amazon and add the necessary cash.
While payment options such as gift cards and prepaid debit cards already exist to shop on Amazon without a credit card, Amazon Cash is a more streamlined and easier process for these transactions.