More than 20,000 merchants have received loans from Amazon, the company said in 2017. — Reuters
Amazon.com Inc on March 25 said it temporarily would not require sellers in its marketplace to repay loans it had made to them, as merchants confront the prospect of declining sales during the coronavirus pandemic.
The world's largest online retailer notified sellers that its programme known as Amazon Lending would pause repayments beginning March 26 until April 30. Interest would not accrue during that period, it said.
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