amazon pay

Amazon Pay has received a payment aggregator licence from the Reserve Bank of India (RBI). This and more in today’s ETtech Top 5.Also in this letter:■ Adani-Uber EV fleet partnership ■ ETtech Done Deals■ Carmakers tap influencersAmazon Pay secures payment aggregator licence from RBI Amazon Pay, the digital payments arm of ecommerce major Amazon India, has received a payment aggregator (PA) licence from the Reserve Bank of India (RBI).It now joins the likes of Zomato, Google Pay, Zoho and others to become…

Amazon Pay India, the digital payments arm of ecommerce giant Amazon reported flat growth in operational revenue at Rs 2,093 crore in fiscal 2023 compared to Rs 1,998 crore a year ago.The company's net losses dipped 13% to Rs 1,499 crore in FY23, from Rs 1,740 crore in FY22, mostly driven by a reduction in expenses.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data…

Amazon India's 7th edition of Prime Day proved to be the biggest ever, with an overwhelming response from Prime members who eagerly snapped up great deals, new launches, and blockbuster entertainment. The event saw approximately 5 smartphones sold every second, with 70% of the demand coming from Tier 2 & 3 cities. Foldable smartphones experienced a staggering 25x growth, and Prime members showed remarkable interest in the newly launched smartphones, including the OnePlus Nord 3 5G, Samsung Galaxy M34 5G, Motorola…

Back in May, the Reserve Bank of India (RBI) withdrew the Rs 2,000 notes from circulation as a part of the ‘clean note policy’. The central bank clarified that the Rs 2000 notes will continue to be legal tender till September 30. But, soon after the announcement, stores, shops and local vendors stopped accepting the Rs 2,000 notes. That said, citizens have the option to take their Rs 2000 notes and get it exchanged with other denominations. However, a limit has been set and users only have the option to get up to Rs…

Image Source : AMAZON PAY Amazon Pay launches 'cash load at doorstep' solution Amazon Pay, the digital payment service provided by Amazon, is offering a solution for those struggling with Rs 2,000 notes in India. As stores are refusing to accept these high-value notes, customers can now deposit them into their Amazon Pay balance. This initiative comes as the Reserve…

Amazon customers can now use their Rs. 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders, as it offers a doorstep solution to ease the stress of exchanging such currency. Customers can deposit cash of up to Rs. 50,000 per month, including notes of Rs. 2,000 denomination, Amazon said.The cash load at doorstep service by Amazon Pay is helping consumers convert high-value notes for digital transactions."Don't stress if stores are refusing to accept Rs. 2,000 notes for payments. You can hand them…

Amazon has introduced a convenient feature called Amazon Pay Cash Load, allowing users to deposit cash, including the ₹2,000 notes, directly into your Amazon Pay…

Image Source : FILE Uber Ride-hailing platform Uber has discontinued the 5 per cent discounts on eligible rides that it previously provided to Uber One subscribers. According to an email sent out to customers, beginning with the next billing cycle, subscribers will earn 6 per cent of 'Uber Cash' on eligible rides, which they will be able to spend on Uber and Uber Eats.…

Digital wallets allow you to make electronic transactions securely and conveniently. You can add funds to your digital wallet using various methods, such as bank transfers, credit cards, or mobile payments. Once your digital wallet is loaded with funds, you can use it to make payments for goods and services, and transfer money to other users as well.One such digital wallet app is Amazon Pay – which is a digital wallet service offered by Amazon Inc. It allows customers to use their Amazon account to make purchases on…

Digital wallets are a popular method of making online payments in India and…