Amazon India’s payments unit gets $95.5mln from parent ahead of festive season

SourceZawya
SectorFinancial Services
CountryGCC

Amazon India's payments unit gets $95.5mln from parent ahead of festive season Amazon will begin its festive season sales on Oct. 17, and has been trying to encourage payments through Amazon Pay with cashbacks and other rewards    Security guards stand at the reception desk of the Amazon India office in Bengaluru, India, August 14, 2015. Image used for illustrative purpose. BENGALURU - Amazon.com Inc has invested 7 billion rupees ($95.51 million) in its Indian payments unit, ahead of the festive season, data from business intelligence firm Tofler showed.Amazon will begin its festive season sales on Oct. 17, and has been trying to encourage payments through Amazon Pay with cashbacks and other rewards.Both Amazon and Flipkart offer deep discounts on everything from clothes, smartphones to home appliances ahead of key ...read more...