Floating Button
Home Digitaledge Digital Economy

Building customer-centric purpose bound money

Sujit Misra
Sujit Misra • 5 min read
Building customer-centric purpose bound money
Here's how Amazon is delivering a real-world application for PBM, developed and executed from the merchant’s perspective. Photo: Unsplash
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Rapid growth in digital payments has ushered in a transformation in how customers and businesses access goods and services. This progress has also been made possible by the considerable diversity and high bar of customer needs and expectations that help drive innovation and collaboration, enabling modern, fast, and inexpensive payments. Among these is purpose bound money (PBM) – at its core, a way for senders to specify conditions when making transfers in digital money across different systems. When developed to serve a particular purpose for customers and merchants, PBM can take hold as an efficient, effective and fast transaction method.

Our goal at Amazon is to develop innovative solutions to make options like these a reality for our customers.

Customer focus

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.