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Amazon plans to step up e-payments, financial services in India

Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO

Amazon pay, online, digital, payments
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The market in India that Amazon Pay is eyeing is huge. The digital payment space in India is expected to rise fivefold to reach $1 trillion by 2023

Peerzada Abrar Bengaluru
Mahendra Nerurkar had recently been travelling for four months. He went on a road trip with his family and pet canine, travelling to Goa, Pune, and Mumbai. Besides beating the pandemic blues, the trip also helped him spend more time with his family. As chief executive officer of Amazon Pay, the digital payment arm of the e-commerce giant, the trip also created a good opportunity for Nerurkar to explore different parts of the country to understand problems up close and share insights with his team to build innovative products.

“My team would get feedback every day,” said Nerurkar, adding, “I