- Amazon has a significant advantage in the digital payments segment in India due to its rapidly expanding retail and Prime business.
- The digital payments war is heating up in India with big players like Amazon, Walmart, Google, Facebook and Paytm looking to gain market share.
- Warren Buffett-backed Paytm has recently completed an IPO with a valuation of $15 billion.
- The digital transactions in India could increase exponentially in the next few quarters as customers move away from cash based transactions.
- Amazon Pay in India could replicate the success of Alipay in China by using its online retail customer base to increase digital payment services.
For further details see:
Amazon Shows A New Growth Driver