Amazon Pay

Amazon Pay India CEO Vikas Bansal says the company will focus on expanding its smart wallet and digital credit offerings for consumers and small businesses.

Digital payments firm Amazon Pay India Private Limited has reported a widening of its standalone net loss to Rs 1,148.5 crore for the financial year ended March 31, 2026, according to documents accessed via business intelligence platform Tofler. The company had posted a net loss of Rs 865.7 crore in the previous financial year (FY25). Revenue from operations grew 18.5 per cent to Rs 2,484.4 crore during the fiscal under review, up from Rs 2,096.6 crore in FY25. Total revenue, which includes other income of Rs 108.2 crore, increased 18.11 per cent to Rs 2,592.6 crore in FY26. The company's total expenses surged by 22.22 per cent to Rs 3,741.1 crore in FY26 compared to Rs 3,060.8 crore in FY25. The increase in expenditure was primarily led by an escalation in 'other costs', which rose to Rs 3,486.9 crore from Rs 2,835.3 crore in the year-ago period. Employee costs climbed to Rs 224.9 crore from Rs 213.4 crore in FY25. Incorporated in 2011, Amazon Pay India is a subsidiary of US-bas

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ICICI Bank and Amazon Pay have extended their co-branded credit card partnership for seven years, lowering forex markup and continuing unlimited cashback rewards

Bansal emphasised that the structure and rates of MDR should not be arbitrary but carefully crafted through consultation between the regulator and the industry

The program is simple to qualify for: complete any 25 transactions across shopping or payments via Amazon Pay to unlock these rewards. Once qualified, members earn assured cashback of upto 5%

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Amazon Pay ICICI Bank credit card offers diverse range of exciting benefits including instant issuance, no joining or annual fee, unlimited cashback, amongst others.

Amazon Pay UPI has become a significant success, said the company, streamlining transactions both on the Amazon.in shopping app and across a wide range of external platforms

Amazon Pay on Monday said its UPI offering is witnessing widespread adoption across the country with over 100 million customers using the service. Launched in 2019, Amazon Pay UPI has witnessed strong user preference from across big states of Maharashtra, UP, Bihar, West Bengal, Karnataka, the company said in a statement. The 18-24-year age bracket led the adoption of Amazon Pay UPI, it added. "We are humbled and proud that 100M customers have chosen Amazon Pay UPI as their preferred choice of online payment experience. We are excited to continue to innovate and expand our offerings to simplify lives and fulfil aspirations for millions across India," Amazon Pay India CEO Vikas Bansal said. Mobile recharges, utility bill payments and e-commerce transactions were among the top use cases of Amazon Pay UPI, the statement added.

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Delhi metro commuters can now purchase mobile-based QR tickets on Amazon Pay, with the DMRC on Thursday partnering with the platform to offer the facility, officials said. The innovative solution provides a quick, contactless, and hassle-free experience for millions of daily users, allowing them to purchase metro QR tickets on the go and transforming the daily commute in the national capital, they said. To avail of this facility, customers can simply click on the Delhi Metro QR ticket option under the Amazon Pay tab and follow some simple steps. They can select 'from' and 'to' stations, complete payment, and receive a mobile QR ticket instantly, the officials said. At metro stations, commuters just need to hold their smartphones in front of the QR code scanner at the automatic fare collection (AFC) gates for both entry and exit, they said. "Partnering with Amazon Pay for QR ticketing will make daily journeys more efficient and enjoyable. This innovative approach offers convenience,