 "NUE, new umbrella entity, RETAIL payments, digital, online, fintech, banks, transactions")
USA’s Amazon has invested Rs 225 crore in its Indian digital payments business, buttressing its competition with Walmart-owned PhonePe, Alibaba-backed Paytm, and Google's mobile payment service Google Pay in the co.
The funding for Amazon Pay came from Singapore-based Amazon Corporate Holdings Private Limited and Mauritius-based entity Amazon.com. Limited Company, according to regulatory documents sourced by business intelligence platform Tofler.
Amazon Pay got the capital infusion on March 01, by allotting 22.5 crore equity shares of Rs 10 each.
Last October, ahead of the festive season, Amazon had invested Rs 700 crore in Amazon Pay.
Digital payments in India will
