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Amazon trims India losses as units' revenue rises 30%

TMT

12 September, 2022

Amazon trims India losses as units' revenue rises 30%

E-commerce giant Amazon India reported a 30% increase in revenue at its five units—marketplace, transportation, internet, data and payments—for the ......

Amazon infuses Rs 1000 cr in payments unit Amazon Pay

TMT

08 November, 2021

Amazon infuses Rs 1000 cr in payments unit Amazon Pay

Amazon Pay, the digital payments and financial services unit of Amazon India, has raised close to Rs 1000 crore from ......

Amazon Pay raises $30 mn in funding from parent

TMT

15 March, 2021

Amazon Pay raises $30 mn in funding from parent

Weeks after Amazon’s reported push to set up a New Umbrella Entity (NUE) with ICICI Bank, Axis Bank and Visa, ......

Amazon injects $95.5 mn into India payments unit ahead of festive season

TMT

09 October, 2020

Amazon injects $95.5 mn into India payments unit ahead of festive season

Amazon.com Inc has invested 7 billion rupees ($95.51 million) in its Indian payments unit, ahead of the festive season, data ......

Sequoia-backed Tapzo to wind up operations next month

TMT

03 September, 2018

Sequoia-backed Tapzo to wind up operations next month

Personal assistant platform Tapzo, which was recently in the news for a potential acquisition by Amazon’s payment service, is shutting ......

Fullerton out of PNB Housing race; Amazon Pay may buy Tapzo

General

29 August, 2018

Fullerton out of PNB Housing race; Amazon Pay may buy Tapzo

Fullerton Financial, owned by Singapore state investment firm Temasek, has pulled out of the race to buy a stake in ......

Amazon India integrates UPI into its mobile interfaces

TMT

06 February, 2018

Amazon India integrates UPI into its mobile interfaces

Online retailer Amazon.com, Inc.'s India arm said it has integrated into its mobile interfaces a governmental payment system called Unified ......

Reload Amazon Pay wallet with cash at your doorstep

TMT

19 January, 2018

Reload Amazon Pay wallet with cash at your doorstep

Jeff Bezos-led Amazon.com Inc.’s Indian arm Friday said it has launched doorstep services to allow customers top-up their Amazon Pay ......

Flashback 2017: Large fundraises dominate e-commerce in India

TMT

27 December, 2017

Flashback 2017: Large fundraises dominate e-commerce in India

Big-ticket funding deals and a failed merger dominated headlines for Indian e-commerce this year.Ending months of speculation, online retailer Snapdeal ......

PayPal sets up shop in India, launches domestic payments biz

TMT

08 November, 2017

PayPal sets up shop in India, launches domestic payments biz

Digital payments company PayPal Holdings, Inc. has launched its domestic operations in India, it said in a statement on Wednesday.Both ......