wordpress blog stats
Connect with us

Hi, what are you looking for?

Amazon invests Rs 220 crore in Amazon Pay; Rs 1692 Cr so far

Amazon has invested Rs 220 crore in its payments arm Amazon Pay, a month after it invested Rs 590 crore in it, reports the Economic Times. The investment came from Singapore-based Amazon Corporate Holdings Pvt Ltd and Amazon Inc, per regulatory filings accessed by ET. Its worth noting that 95% of Amazon Pay's year-over-year growth (during the festive sale) came from cashbacks and bank discounts. The number of merchants on Amazon Pay increased five times during the sale, and UPI transactions increased by 5 times as well. 75% of payments made during its annual sale held in October were made digitally. Amazon is clearly heading full speed into payments. Within the past few months, it has launched a UPI payments service, a bill payments service, a QR code based payments for retail stores, and acquired app aggregator (for lack of better words)…

Please subscribe/login to read the full story.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ