Page 4 - Amazon Pay

PhonePe distributes ESOPs worth Rs 1,500 crore among all employees

The digital payments firm has rolled out the compensation to all its employees ranging from software engineers, product managers to customer experience and on-ground sales agents

WhatsApp means Business, joins payments companies in race for revenue

Even as Paytm, PhonePe and Amazon Pay collectively lost $1 billion in FY19, WhatsApp has come up with Business, its first revenue-making initiative in India

Amazon Pay revenue grew 64% to Rs 1,370 crore, losses increase 61%

After the closure of the financial year 2019-20, the firm has revised authorised share capital from Rs 6,000 crore to Rs 16,000 crore in an extraordinary general meeting held in September this year

Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion

Move will help PhonePe access dedicated, long-term funds for its growth plans. In this financing round led by Walmart, PhonePe is raising $700 mn primary capital at post-money valuation of $5.5 bn

Promote competition

Govt is turning anti-consumer in digital payments

In a first, Amazon Pay, Uber partner to allow Indian users to pay for rides

India is the first market where the two American companies have formed such an alliance

Ahead of festive sale, Amazon pumps Rs 700 cr into digital payments arm

Amazon Pay has received the infusion from Amazon Corporate Holdings Private Limited, Singapore and Amazon.com Inc Limited, Mauritius, according to the documents filed by Amazon

Want to buy physical gold? Pick a digital platform for your investment

Those keen on buying gold as investment will be better off with sovereign gold bonds or ETFs

PhonePe gears up for IPO by 2023, eyes a valuation of $7-10 billion

The company's foray into financial services is going to play a key role in the firm becoming profitable and going public

Amazon Freedom Day sale follows Prime Day success: All you need to know

Potential consumers can enjoy up to 70 per cent off on headphones, up to 70 per cent off on camera accessories, up to 60 per cent off on speakers and home audio

Amazon India steps up insurance and credit biz, riding on its payments app

Amazon Pay has started making deep inroads in India's booming digital payments market and is competing aggressively with PhonePe, Paytm and Google Pay

Fintechs see inflexion point as Covid-19 gives fillip to digital modes

Fintechs are at an inflection point with the Covid-19 pandemic giving a huge fillip to digital modes, reports Raghu Mohan

PharmEasy, Amazon India tie up to enable digital payments using Amazon Pay

PharmEasy said it is encouraging digital and contactless payments that are not only convenient for its users, but also a must for their safety.

Google Pay leads UPIs in digital payments, Amazon Pay most favoured wallet

All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019

PhonePe expands into financial services, launches int'l travel insurance

PhonePe, which competes with Alibaba-backed Paytm, Amazon Pay and Google Pay, claimed it is India's first digital payment platform to launch international travel insurance.

PhonePe launches digital ATM, users can withdraw cash from merchant shops

PhonePe said there will not be any charges for customers or merchants to avail of this service

Amazon-Future tie-up spans verticals, initiatives; joint marketing on cards

Amazon is also pushing its Amazon Now app aggressively to its Prime members, for which it has enlisted Big Bazaar as its delivery partner

Ahead of Jeff Bezos visit, Amazon pumps in Rs 1,715 crore into India units

Fresh investment comes at a time when CCI has ordered an investigation against Amazon and Walmart-owned Flipkart on complaints of deep discounting practices and tie-ups with preferred sellers

Amazon signs deal with BookMyShow to sell movie tickets on its platform

All the cinemas and theatres listed on Amazon.in for this category will be powered exclusively by BookMyShow.

Amazon Pay loses Rs 3.3 billion in FY18 to capture user-base with discounts

The loss swelled from Rs 1.78 billion in the preceding year