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Amazon Pay gets final nod from RBI, expanding its fintech reach
Updated On: 27 February, 2024 12:53 PM IST | Mumbai | mid-day online correspondent
Amazon`s finance technology division, Amazon Pay has received a license of Payment Aggregator from the Reserve Bank of India, empowering its e-commerce transactions
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E-commerce giant Amazon`s finance technology division, Amazon Pay has received a final approval for engaging in online payments in India - a license of Payment Aggregator from the Reserve Bank of India (RBI). It is a significant milestone for Amazon in India to facilitate e-commerce transactions.
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The regulatory approval was granted on February 20, empowering Amazon Pay in facilitating e-commerce transactions through its application. Amazon Pay is one of the most used online payment platform used in India.
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