Amazon Injects INR 350 Cr Into India Payments Arm

Amazon has infused INR 350 Cr into its digital payments arm Amazon Pay India

It issued 35 Cr equity shares at INR 10 apiece to Amazon Corporate Holdings Private Limited and Amazon.com

Amazon Pay was at the 8th position with a total of 111.06 Mn transactions recorded in the month of March,

Ecommerce giant Amazon has infused INR 350 Cr into its digital payments arm Amazon Pay India as it looks to scale up its presence in the country’s UPI market. 

According to the MCA…