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Amazon invests $79.8 million in Amazon Pay

Thursday, October 4, 2018, 8:25 PM

Global ecommerce behemoth Amazon has invested a sum of $79.8 million in Amazon Pay, its digital payment arm in India. Earlier, Amazon.com.inc and Amazon Corporate Holdings had invested $33.3 million in Amazon Pay, according to filings with the Registrar of Companies. The investments have come as Amazon Pay is gearing to offer cashbacks in the festive season.
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Tapzo is shutting down: Lessons to ponder for entrepreneurs

Monday, September 3, 2018, 9:33 AM

Sequoia and American Express backed app aggregator Tapzo announced that the app will be shutting down from October 31, 2018. "Starting 1 September 2018, we will be switching off all the transactional categories on Tapzo," a statement said. This comes after Tapzo was acquired by Amazon Pay for a reported $40 million in a cash and stock deal.

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