Amazon Pay balance : Separation into Money + Gifts & Credits
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https://www.amazon.in/gp/help/customer/display....
Questions about Amazon Pay balance
What is Amazon Pay balance?
Amazon Pay balance is a digital wallet solution provided to you by Amazon using which you can make online transactions on Amazon.in and our partner websites & apps.
Balance consists of two different components which are Money and Gifts & Credits. Therefore, total Amazon Pay balance= Money + Gifts & Credits.
What is Money?
Money is a new feature of Amazon Pay balance, which allows you to add funds and use the same at Amazon.in in and partner websites & apps in a simple and convenient manner. This is separate from money lying in your Amazon Gift Card balance which is shown under Gifts & Credits within Amazon Pay balance.
Funds can be easily added to Money in Amazon Pay balance through a Credit/Debit card or net banking, which can be used to make payments on Amazon.in and partner websites & apps. There are many more exciting features in the pipeline as part of Money offering.
What are the benefits of using Amazon Pay balance?
Instant Checkout: Make payment in one click, no OTP or bank passwords required.
Faster Refunds: In case of returns, your refunds are credited to your balance within 24 hours
Spends and Balance Tracking: Monitor your spends by visiting your balance statement here
What is the difference between Money and Gift Cards?
| Money | Gifts & Credits |
| Needs one time verification in order to enable top ups and usage | Doesn’t require verification |
| A maximum of Rs.20,000 can be loaded in a month | There is no limit on the amount one can load |
| Bank account transfers will be supported soon | Does not support bank account transfers |
| Money can be added using domestic credit or debit cards, net banking and Cash Loads. | Gifts & Credits can be added using domestic credit or debit cards and net banking only |
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So where can it be used??
A maximum of Rs.20,000 can be loaded in a month 
Loading by Gift Card : No Limit
Does Amazon Pay balance expire?
Money: In the unlikely event of no credit/debit transactions happening in your Amazon Pay balance – Money account for a continuous period of 12 months, funds available there would be forfeited. You shall receive periodic reminders before this happens on your email and mobile. Please check our terms and conditions for more details.
Gifts and Credits: The funds will expire in 12 months from the date of top up. Your Amazon Pay balance statement has a Gifts & Credits Expiry Dates section which displays the list of your gift cards expiring next. You can always track your gift cards expiry form here.
Still not much changed.It was useless earlier and its useless now.No transfer to bank option
Don’t think this will be helpful at least in long run
After sometime there won’t be any offers on pay balance topup and GC balance will be treated separately just like fk wallet in the past
It will be useful for only one purpose 
I fear they will restrict the use of “Gifts & Credits” like only 10% allowed. The worst example can be mobikwik.
But this section will include amount received via Gift Cards so they can’t put such a restriction.
there were talks of amazon taking over freecharge. is this co-related?
Now apparently Axis Bank is buying Freecharge.
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So Amazon started Wallet finally