Amazon Invests in Amazon Pay India
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Amazon infuses $40m into Indian payments arm

80% Informative
Amazon has invested $ 40 m into its digital payments arm, Amazon Pay India , through a rights issue.
The investment involved the allotment of 35 million equity shares to its parent entities, Amazon Corporate Holdings and Amazon.com .
Amazon Pay holds the eighth position in India 's Unified Payments Interface transaction volume rankings.
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