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BankingNABARD / RBI

Amazon Pay India: Rs 350 Crore Rights Issue Infusion

28 April 20251 min read
BANKING & FINANCEAmazon Pay India:Rs 350 CroreRights IssueInfusion28 April 2025safalsetu.com

Why in the news

In late April 2025 Amazon was reported to have put another Rs 350 crore into its Indian payments arm as it chases UPI share.

Key facts

  • Shares: 3.5 crore issued to Amazon Corporate Holdings Pvt Ltd and Amazon.com Inc.
  • Earlier money: Rs 600 crore (June 2024) and Rs 300 crore (November 2024).
  • Rival Super.money, backed by Flipkart, is also scaling up and plans to raise capital.
PlayerUPI share (NPCI)
PhonePe plus Google PayNearly 85%
Amazon PayAbout 0.6%

Regulatory progress

  • February 2024: payment aggregator licence from RBI.
  • Also cleared as a prepaid payment instrument (PPI).

Takeaway

  • Heavy spending has yet to break entrenched user habits.

Exam angle

  • Amount: Rs 350 crore; 3.5 crore shares.
  • Licences: PA and PPI.

Test yourself

1. How many equity shares did Amazon Pay India issue in its Rs 350 crore rights issue?

The notes state 3.5 crore equity shares were issued to parent entities.

2. Roughly what UPI market share did Amazon Pay hold, per NPCI data cited in the notes?

Amazon Pay held only about 0.6% while PhonePe and Google Pay held nearly 85%.

3. When did Amazon Pay secure a payment aggregator licence from the RBI?

The PA licence was received in February 2024.

This topic is part of Daily Current Affairs 27 & 28 April 2025 (22 topics).

All topics of the dayDay quizApril 2025

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