amazon pay india

Amazon Transportation Services (ATS), the Indian shipping arm of Amazon, saw its growth stagnate in the year ended March 31, 2023. It reported a marginal fall in operating revenue to Rs 4,543 crore from Rs 4,571 crore in FY22. The company’s net loss also narrowed marginally to Rs 86 crore in FY23 from Rs 95 crore in FY22, according to regulatory filings made with the Registrar of Companies (RoC). In FY22, ATS had clocked a revenue growth of almost 13%.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

The Reserve Bank of India on Friday said it has imposed a penalty of over Rs. 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction."It was observed that the entity was non-compliant with the directions issued by RBI on KYC requirements," the RBI said in a statement.The RBI had issued a notice to Amazon Pay (India) advising it to show cause as to why penalty should not be imposed for non-compliance…