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Amazon Invests $41 Million in Amazon Pay India
AMZNAmazon(AMZN) PYMNTS.com·2025-04-26 08:31

Amazon invested Rs 350 crore (about $41 million) into Amazon Pay India, the Economic Times reported Friday (April 25), citing regulatory filing with the Registrar of Companies.Amazon Pay was the eighth-largest Unified Payments Interface (UPI) player by transaction volume in March, and it’s looking to gain share from competitors like PhonePe and Google Pay, who have a combined market share of about 85%, according to the report.The company received a payment aggregator license from the Reserve Bank of India i ...