You are here: Home » Reuters » News
Business Standard

Amazon acquires Indian payments processor Emvantage

Reuters  |  MUMBAI 

MUMBAI (Reuters) - Inc said it has acquired Indian payments processor Emvantage Payments Pvt Ltd for an undisclosed sum.Emvantage's employees will join Amazon's India unit that will use the company's technology on its e-commerce website, Amazon said in a statement.Amazon has been rapidly expanding into India's fast growing e-commerce segment that is likely to grow to $220 billion by value of goods sold by 2025. (Reporting by Himank Sharma; Editing by Sunil Nair)

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, February 16 2016. 18:28 IST