Amazon India infuses Rs 2.3 billion into its digital payments arm

Online marketplace giant Amazon India has infused Rs 2.3 billion in its digital wallet Pay, according to data sourced from business intelligence platform Paper.vc. According to documents, Amazon Pay (India) has allotted 230 million equity shares worth Rs 2.3 billion to its existing shareholders — Amazon Corporate Holdings and Amazon. com.inc — on right basis. 

The resolution was approved on June 28, it said. When contacted, an Amazon spokesperson said the company’s focus was to make digital payments “the most trusted, convenient and rewarding choice for customers”. “We continue to explore ways to do this, in partnership with banks, processors,