Amazon tops up India payments business with Rs 600 croreAmazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company inv...
27 Jun, 2024, 03.24 PM IST
Which UPI payments will attract interchange fee? Will you have to bear the cost?UPI transaction charges: NPCI has advised that UPI transactions made via prepaid instruments, such as wallets and cards will attract an int...
08 Dec, 2023, 12.28 PM IST
Amazon Pay counts on wallets to push payments businessWith interoperability on its wallets and a shortcut on the home screen to aid in discoverability, will Amazon Pay manage to get its mojo ba...
15 Jun, 2023, 06.00 AM IST
Amazon Pay gets a further Rs 225 crore from its parentThis takes the total fund infusion in Amazon Pay to Rs 450 crore so far this year as the Jeff Bezos-led e-commerce company continues to pus...
13 May, 2021, 07.33 PM IST
PhonePe FY19 loss surges to Rs 1,905 croreThe company's losses stood at Rs 791.03 crore for the year ended March 2018, as per regulatory documents.
30 Oct, 2019, 09.19 PM IST
Relief for Mobile wallets: RBI gives cos time till February 28 next year to comply with KYC normsCompanies ran the risk of losing thousands of customers if they had failed to comply with the August 31 deadline.
30 Aug, 2019, 09.36 PM IST
Amazon India celebrates wallet success with cashbacks to usersThe American ecommerce giant recorded a “126% growth in transactions and 68% growth in unique users” in its Indian payments business in 201...
07 Jun, 2018, 08.46 AM IST
Amazon Pay gets Rs 195 crore more from parent companyThe latest infusion came from Singapore-based Amazon Corporate Holdings Pvt Ltd and Amazon.com, as per RoC filings sourced by Paper.vc.
07 Mar, 2018, 07.39 AM IST
Demonetisation impact? E-payments make up 60% of Amazon India’s businessAmazon Pay wallet, which was launched in June 2017, now accounts for 48% of all digital transactions on the platform.
19 Jan, 2018, 11.11 AM IST
Amazon loads Rs 260 crore more into payments unit Amazon PayThe latest infusion came from Singapore-based Amazon Corporate Holdings and its US-based parent Amazon.
20 Oct, 2017, 08.21 AM IST
Amazon opens its wallet for India, provides 10% cash-back promotional offerThe Amazon Pay offers are applicable not only for transactions on Amazon’s own platform, but also on third-party Web sites such as abhibus....
27 Jul, 2017, 03.02 PM IST
Amazon Pay plans to sign up with govt bodies for bigger cut of paymentsIt plans to sign up government institutions such as electricity boards and insurance companies to create use cases for Amazon Pay outside i...
29 May, 2017, 08.38 AM IST
Rs 67 crore put in Amazon Pay to ease client acquisitionWith the wallet licence in hand, Amazon Pay is looking to build a full-stack payment model, though its initial focus remains converting Ama...
17 May, 2017, 08.28 AM IST
PayPal seeks licence to enter competitive mobile wallet space in IndiaPayPal's move comes even as the company has been evaluating multiple investments and acquisitions of wallet players in the country.
27 Apr, 2017, 08.50 AM IST
Amazon has licence to fight rivals on wallet turfThe Reserve Bank of India has issued the licence, effective as on March 22, in the name of Amazon Online Distribution Services.
13 Apr, 2017, 08.03 AM IST
Now 'Pay with Amazon' for third party transactionsWhile Flipkart is engaged in a tussle with ICICI Bank for its payment platform, Amazon India has also launched its own payment option.
23 Jan, 2017, 02.57 PM IST
Amazon applies for e-wallet licence, takes on Paytm, Flipkart MoneyAmazon plans to launch the digital wallet by mid-year but much will depend on RBI’s nod, a person who familiar with the matter said
15 Mar, 2016, 11.46 AM IST