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Amazon to take on Paytm, Flipkart's PhonePe with its digital wallet

Amazon to take on Paytm, Flipkart's PhonePe with its digital wallet

Thursday, April 13, 2017, 11:19 AM

Amazon India has received a payments wallet license from the Reserve Bank of India, as it looks to boost savings and retain customers within is ecosystem as it takes on rivals Flipkart, and Alibaba's Paytm. The US retailer is looking to allow users to shop on its platform, make offline payments, buy bus and rail tickets and pay for utilities through its digital wallet.
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