Amazon infuses $40m into Indian payments arm

GlobalData

Fri, Apr 25, 2025, 7:36 AM 2 min read

Ecommerce entity Amazon has invested Rs 3.5bn ($40m) into its integer payments arm, Amazon Pay India, done a rights issue, reported The Economic Times.

The concern progressive the allotment of 35 cardinal equity shares to its genitor entities, Amazon Corporate Holdings and Amazon.com.

The transaction details were disclosed successful regulatory filings with the Registrar of Companies (RoC).

This superior injection is the latest successful a bid of investments, pursuing a Rs 3000m ($35.14m) infusion successful November 2024 and a Rs 6000m ($70.3m) concern successful June 2024, arsenic reported by ET.

Amazon Pay holds the eighth presumption successful India's Unified Payments Interface (UPI) transaction measurement rankings arsenic of March 2025, according to information from the National Payments Corporation of India (NPCI).

Amazon Pay has a marketplace stock of astir 0.6%, the study said.

In February 2024, Amazon Pay secured a outgo aggregator (PA) licence from the Reserve Bank of India, pursuing its earlier support for a prepaid payments instrumentality (PPI) licence.

Amazon Pay India has besides engaged successful partnerships with entities specified arsenic BookMyShow, MakeMyTrip, RedBus, IRCTC, and Kuvera, extending its scope into movie and question ticketing and wealthiness absorption services.

For the fiscal twelvemonth ending successful March 2024, the institution reported a 9.22% emergence successful operating gross to Rs 22.86bn, up from Rs 20.93bn successful the erstwhile year, the quality work added.

It further highlighted a simplification of losses by 39%, down to Rs 9.11bn from Rs 14.99bn.

Amazon Pay India CEO Vikas Bansal has antecedently stated to ET the value of implementing MDR for UPI transactions is important for smaller players to person a just stock of the worth they lend to the outgo ecosystem.

"Amazon infuses $40m into Indian payments limb " was primitively created and published by Electronic Payments International, a GlobalData owned brand.