Friday, 24 March, 2023

Amazon Pay receives funding of Rs 225 cr from parent company

<p>Amazon Pay India has received incentives of Rs.225 cr from the parent. This makes it a total infusion of Rs.450 cr this year to expand its UPI-based digital payment app in India, which offers faster refunds and incentives to its users. It also partners with third-party apps like Swiggy to provide a UPI tool. Amazon pay offers co-branded credit cards and buy-now-pay-later options to Indian buyers. Amazon has, so far, invested a total of Rs.2,055 cr in its Indian payment app.</p>