Quantcast
Channel: Business Insider
Viewing all articles
Browse latest Browse all 118546

Amazon acquires Indian payments processor Emvantage

$
0
0

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar

MUMBAI (Reuters) - Amazon.com Inc said it has acquired Indian payments processor Emvantage Payments Pvt Ltd for an undisclosed sum.

Emvantage's employees will join Amazon's India unit that will use the company's technology on its e-commerce website, Amazon said in a statement.

Amazon has been rapidly expanding into India's fast growing e-commerce segment that is likely to grow to $220 billion by value of goods sold by 2025.

(Reporting by Himank Sharma; Editing by Sunil Nair)

Join the conversation about this story »


Viewing all articles
Browse latest Browse all 118546

Latest Images

Trending Articles



Latest Images