Ecommerce entity Amazon has invested Rs 3.5bn ($40m) into its digital payments arm, Amazon Pay India, through a rights issue, reported The Economic Times.

Amid a surge in online transactions in India, ecommerce major Amazon’s digital payments service Amazon Pay UPI has crossed the 100 Mn user mark in the country.

Amazon Pay India CEO Vikas Bansal has called for the implementation of the merchant discount rate (MDR) regime for Unified Payments Interface (UPI) transactions. As per Economic Times, Bansal said ...

US ecommerce giant Amazon has infused Rs 350 crore into Amazon Pay India, as the fintech arm looks to step up its game against leading payment companies such as PhonePe and Google Pay.

With the completion of the Axio acquisition, Amazon has added an NBFC licence to itself, like rival Flipkart, and hence it ...

Even as the credit cards in the country explode, the ecommerce firm continues to see a good demand for the BNPL product from customers with a lower income level, and helps them build a good credit his ...

Users can make UPI payments using apps like Google Pay, Amazon Pay, PhonePe, and Paytm, with instant confirmation of payment. The seamless connectivity provided by smartphones, even under data or ...

Amazon is looking at splitting off Amazon Pay as a standalone app in an attempt to gain a bigger market share in India's competitive e-commerce market.

Amazon has completed its $200 million acquisition of Axio, formerly Capital Float, after receiving approval from the Reserve ...

The NPCI specifies that after the October 1 deadline, all member banks and UPI apps will no longer be permitted to initiate, route, or process these P2P collect transactions.