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

US ecommerce giant Amazon has infused Rs 350 crore into Amazon Pay India, as the fintech arm looks to step up its game against leading payment companies such as PhonePe and Google Pay.

Users can make UPI payments using apps like Google Pay, Amazon Pay, PhonePe, and Paytm, with instant confirmation of payment. The seamless connectivity provided by smartphones, even under data or ...

Amazon Pay India, the digital payments arm of Amazon, slashed its losses by nearly 39% to INR 911 Cr in the financial year ending March 2024 (FY24) versus a loss of INR 1,499 Cr a fiscal ago.

UPI 3.0 brings smart device payments to India, allowing gadgets like fridges and TVs to handle automated transactions, making daily expenses more convenient and secure.

FamApp By Trio (erstwhile FamPay) surpassed Amazon Pay to become the eighth biggest Unified Payment Interface (UPI) player in April. The Bengaluru-based FamApp recorded nearly 10 Cr transactions ...

The NPCI specifies that after the October 1 deadline, all member banks and UPI apps will no longer be permitted to initiate, route, or process these P2P collect transactions.

UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments ...

Launched in July 2024, Super.money has grown into India’s fifth-largest UPI payments app ahead of established players such as BHIM, WhatsApp Pay, Cred and Amazon Pay ...

Starting 1 October 2025, the National Payments Corporation of India (NPCI) will withdraw the ‘collect request’ feature for ...

UPI apps to end P2P collect requests from October 1, 2025. NPCI’s UPI change move aims to enhance security and curb fraud.