Amazon Pay rolls out doorstep KYC verification for wallet users

Payal Ganguly

Amazon Pay has started making doorstep visits to verify its users’ Know Your Customer (KYC) details. The digital wallet ....

11 January, 2019

Amazon testing its own UPI handle for new payments product: Report

Vijayakumar Pitchiah

The payments arm of Amazon India has started testing its native unified payments interface (UPI) handle with a closed user group, ....

9 January, 2019
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Flashback 2018: Flipkart steals the show as e-commerce dominates M&A activity

Kavya Kothiyal

When it comes to M&A deals, Flipkart undoubtedly stands out as the Indian startup ecosystem’s greatest success -- not ....

26 December, 2018

Xiaomi launches payments service Mi Pay

Payal Ganguly

Device maker Xiaomi has entered the crowded digital payments space in the country by partnering with ICICI Bank and PayU India. ....

21 December, 2018

Amazon India marketplace revenue grows 58% in FY18, loss mounts to nearly $1 bn

Dearton Thomas Hector

Amazon Seller Services Pvt. Ltd, the Indian marketplace arm of US-based online retailer Amazon.com Inc., fell deeper into a loss ....

2 November, 2018

Amazon Pay's FY18 India loss widens as costs jump four-fold

Dearton Thomas Hector

Amazon Pay (India) Pvt. Ltd, the local digital payments arm of global e-commerce major Amazon.com Inc., has seen its operating ....

31 October, 2018
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Explainer: How does the RBI’s data localisation directive impact payments firms?

Payal Ganguly

The Reserve Bank of India’s refusal to extend the deadline for localisation of payments data in India has left global companies ....

16 October, 2018

Why the Aadhaar verdict is a roadblock for businesses collecting KYC details

Payal Ganguly & Shweta Sharma

When Delhi-based digital marketing professional Sudarshan Sahu requested digital wallet firm Paytm to complete his know your customer ....

26 September, 2018

Personal assistant platform Tapzo to shut down services next month

Binu Paul

Personal assistant platform Tapzo, which was recently in the news for a potential acquisition by Amazon’s payment service, ....

3 September, 2018

How Amazon 'target' Tapzo could spice up its digital payments play

Binu Paul

On a day when Paytm confirmed that billionaire Warren Buffett’s Berkshire Hathaway had invested in it and Google rebranded ....

29 August, 2018
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Flipkart injects $66 mn more into payments arm PhonePe

Vijayakumar Pitchiah

PhonePe Pvt. Ltd, the in-house digital payments arm of e-commerce firm Flipkart, has received another $66 million (Rs 451.66 crore) ....

9 August, 2018

Amazon deposits more money into Indian digital payments arm

Vijayakumar Pitchiah

Amazon Pay (India) Pvt. Ltd, the local digital payments arm of the global e-commerce major, has received a fresh funding infusion ....

17 July, 2018

Amazon India integrates UPI into its mobile interfaces

Anirban Ghoshal

Online retailer Amazon.com, Inc.’s India arm said it has integrated into its mobile interfaces a governmental payment system ....

6 February, 2018