TECH - Amazon Boosts Indian Payments Business With $72M Investment To Take On Google Pay Walmart-Backed PhonePe: Report | Benzinga
This story was first published on the Benzinga India portal.
In a strategic move to fortify its presence in India’s thriving digital payments market, Amazon (NASDAQ: AMZN) has reportedly pumped ?600 crore (approx $72 million) into its payments business in the country.
What Happened: The American e-commerce behemoth has bolstered its Indian payments business with a hefty investment of ?600 crore, ET reported.
Amazon has increased its investment in the Indian payments platform to ?950 crore ($113.8 million) so far this year, the report added. In February, Amazon invested ?350 crore ...