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Amazon Pay acquires the Tapzo app: report

In a bid to strengthen its payments offerings in the country, Amazon Pay has acquired ‘all-in-one app’ Tapzo, reports the Economic Times. Amazon reportedly paid $30-45 million in a cash-and-stock deal for the startup that aggregates around 40 apps into a single app. Tapzo’s cofounders Ankur Singla and Vishal Pal Chaudhary will join Amazon Pay following the acquisition, according to the report. MediaNama reached out to both the companies for a comment. While Tapzo didn’t respond to an emailed query, an Amazon spokesperson said, “Our commitment to the vision of a less-cash India remains the same. Our goal is to make it easier than ever before for customers to make digital payments by improving the customer experience, affordability and daily routines.” Founded in 2010 as Akosha, which was renamed to Helpchat, and then rebranded as Tapzo. It claims to have made over 25…

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