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Amazon India secures wallet license from RBI

Amazon India secures wallet license from RBI

Wednesday, April 12, 2017, 6:16 PM

Online marketplace Amazon India has been granted license to operate a pre-paid payment instrument or wallet as on March 22. RBI has issued the wallet license in the name of Amazon Online Distribution Services which also operates Amazon Pay, which allows users to transact with offline partners of Amazon and online for Amazon’s marketplace services on Amazon.in and Amazon Now.
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