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Amazon Pay Platform
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Amazon Pay India receives Rs 1,000 crore funding from parent company
In a separate regulatory filing, Amazon Pay India said that its net loss reduced by 19 percent year-on-year in FY21 to Rs 1,516 crore and revenue from operations rose by 30.5 percent at Rs 1,716 crore.
Amazon Pay is introducing several new features for merchants
These innovative payments and financial products aim to simplify lives and fulfil aspirations of small and large merchants around the country.
www.aboutamazon.in
India's central bank slaps penalty on Amazon's payments unit | TechCrunch
Reserve Bank of India has slapped Amazon Pay's local unit with a fine of over $373,000 for non-compliance with know your customer guidelines.
techcrunch.com
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Amazon Pay: Amazon Pay secures payment aggregator licence from RBI - The Economic Times
A payment aggregator licence by the RBI will enable Amazon to increase its merchant payments business, a major opportunity for the ecommerce giant given its large online shopping business in India.
Why everything seems like it's already planned since 31 January
.Amazon is also charging for bill payments if payment is made through third party credit cards.
