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Amazon infuses Rs 225 crore into Amazon Pay India

Amazon.com Inc. has pumped in Rs 225 crore worth of equity funding into Amazon Pay (India) Pvt Ltd, the e-commerce giant's digital payments arm in India, according to regulatory disclosures. Amazon had previously infused Rs 700 crore worth of equity capital into Amazon Pay in October 2020 and around Rs 1,355 crore in January last year. According to regulatory filings with the Ministry of Corporate Affairs (MCA), accessed by MediaNama, Amazon Corporate Holdings Pvt Ltd (Singapore) has invested Rs 224.9 crore, while Amazon.com Inc (Mauritius) has invested Rs 2.24 lakh as part of this equity infusion. In October last year, Amazon Pay India increased its authorised share capital to $2.2 billion from $820 million indicating that the company is looking to step up its payment operations in India. Amazon Pay is the sole payments service provider for Amazon.co.in. It not…

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