Amazon Pay

Sachin Bansal slams WhatsApp Pay, Amazon Pay: ‘They haven’t done justice to UPI’

UPI has been treated as a side feature by these major players rather than as a core product, the Navi founder has said

Amazon Pay trims losses by 39%, sees sluggish revenue at Rs 2287 crore

Amazon Pay's revenue from operations stood at Rs 2286.9 crore, a 9.2 percent rise year-on-year.

Sachin Bansal’s Navi overtakes Amazon Pay to emerge as fifth largest UPI player

The NBFC, whose main line of business is lending, has grown its volume 30 times in six months — from three million UPI transactions in March to 89 million in August

Cashless Revolution | 90% of consumers in urban India with Internet access prefer digital payments: Study

According to a survey by Kearney India and Amazon Pay India, the majority of consumers prefer digital payments for discretionary spending such as electronics as well as clothes and footwear while cash is still widely preferred for daily spend categories

Flipkart’s UPI off to a flying start in March

Flipkart has around 500 million users and the company does around five million orders in a day. If a third of these orders start using Flipkart’s UPI, it is likely to do 50 million transactions in a month.

Amazon Pay set to bring credit on UPI option for users

Amazon Pay is looking to partner with National Payments Corporation of India (NPCI) to launch credit options on its payment platforms.

Amazon Pay get RBI's payment aggregator license

As many as 10 companies have been given out the license since the start of 2024. This includes food aggregator Zomato, Juspay, Decentro, Zoho, Stripe among others.

Amazon Pay looking to tie-up with more banks for credit card offerings

At present, the company has a tie-up with ICICI Bank for a co-branded credit card as part of which over 42 lakh credit cards have been issued as of June 2023.

Amazon Pay continues to lose UPI market share as multi-pronged payment strategy leaves users confused

Amazon's confusing payment strategy has given the company mixed results. While its credit card has been a sensational success, its UPI payments has seen a decline at a time when the platform has become the go-to digital payment option for a large segment of the population.

RBI publishes list of 54 existing online payment aggregators

The list released by RBI includes Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments; these can continue to operate as Online Payment Aggregators (PAs).

PhonePe CEO Sameer Nigam makes renewed pitch for MDR, warns there is no path to recovery otherwise

Nigam pointed out that when payment modes are made free of cost there is an underlying assumption that companies involved in these businesses will have alternate sources of revenue. However, that may be possible for banks, but not startups, he added.

Over 700 stores in TN signed up for Amazon Pay Smart programme: Official

The Amazon Pay Smart Store programme enables offline stores to be discovered by customers thereby improving in-store sales, Amazon Pay India Director rewards and merchant services, Girish Krishnan said.

Amazon launches Smart Commerce, aims to to transform local stores into digital dukaans

Amazon plans to digitise one crore small businesses across the country by 2025.

Amazon Pay India receives Rs 1,000 crore funding from parent company

In a separate regulatory filing, Amazon Pay India said that its net loss reduced by 19 percent year-on-year in FY21 to Rs 1,516 crore and revenue from operations rose by 30.5 percent at Rs 1,716 crore.

PB Fintech IPO – Should investors bet on this pricey new-age business?

Policy Bazaar is the prominent asset, accredited for starting online insurance sales in India some 13 years ago

WhatsApp appoints Amazon executive Manesh Mahatme as Head of Payments in India

Mahatme spent seven years in Amazon Pay, where he was Director and Board member of Amazon Pay India and led product, engineering, and growth teams.

Amazon infuses Rs 225 crore into India payments unit

The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm.

Amazon Pay to install safety screens in 40K Uber autos

This partnership will further boost the growth of Uber Auto in seven critical markets as rides become more affordable and commuters can e-hail an Auto from the safety and comfort of their homes.

Digital payment companies continue to bleed as expenses pile up, profits remain elusive

According to filings with the MCA, all the major payment companies have been incurring massive losses while trying to earn more revenue. The only exception is Paytm, which earned almost the same revenue in FY 2020 as FY 2019 while narrowing its losses.

3-Point Analysis | Payment apps PhonePe, Amazon Pay, Google Pay and Paytm move to battle zone ‘digital gold’

As digital payments applications have seen a boost amid the COVID-19 pandemic, applications like PhonePe, Amazon Pay, Google Pay and Paytm are now also competing in the ‘digital gold’ category. Moneycontrol's Shraddha Sharma does a 3-Point Analysis to see how these firms are running the space.