Amazon puts Rs 350 crore in Amazon Pay India amid rising competition in fintech

Quick Summary:

Amazon has invested Rs 350 crore into Amazon Pay India to strengthen its position in the digital payments market, despite its UPI ranking slipping to eighth place.

This investment follows previous capital infusions and comes as Flipkart's Super.money explores new funding.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaPakistan

Topics: E-commerce Amazon Pay India Fintech Google Pay UPI transaction volume PhonePe Digital payments Amazon Corporate Holdings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 17:45:10 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 873 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28206530

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 15 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #28

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