The financial services portfolio currently managed by Jagannathan will be overseen by Amazon Pay head Mahendra Nerurkar.

Rao took over as vice-president, finance, since March, according to his LinkedIn profile. Amazon confirmed that Rao has recently been promo...

Industry executives estimate that at least 8 out of every 10 customers using mobile wallets in the country have not completed KYC requireme...

Amazon Pay wallet, which was launched in June 2017, now accounts for 48% of all digital transactions on the platform.

It plans to sign up government institutions such as electricity boards and insurance companies to create use cases for Amazon Pay outside i...

Sriraman Jagannathan, vice president, payments, Amazon, says, "Thanks to demonetisation, we also saw a tremendous customer response in adop...

Cash payments at hypermarket chain Spencer’s have increased from 11 per cent of overall sales in November to 25 per cent in December, and 3...

While Flipkart is engaged in a tussle with ICICI Bank for its payment platform, Amazon India has also launched its own payment option.

Amazon acquired payment gateway firm Emvantage in February last year, its first acquisition in India. Amazon rival Flipkart launched its wa...

Amazon India has roped in Manish Tiwary, a twenty year veteran at global fast moving consumer goods (FMCG) major Unilever, as vice presiden...

Amazon 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

Amazon’s largest domestic rival Flipkart launched its digital wallet last week as online payments increasingly become pivotal.

Amazon has hired former Citibanker Sriraman Jagannathan to lead its payments business, according to two people privy to the development.

India information technology spending is expected to rise 7.2% to $72.3 billion in 2016, according to research firm Gartner.

“The move will create point people for becoming more effective in deploying customer-centric ideas,” one of them told ET.

Bharti Airtel, reveals that its mobile interface Airtel Money saw a y-o-y growth of 168% in monthly active subscriber base.

Through airtel money, the users can load cash on their mobile devices and spend it to pay utility bills, recharge mobile phones, shop at me...