<ul><li>Amazon has invested Rs 350 crore (about $41 million) in Amazon Pay India.</li><li>Amazon Pay is aiming to gain market share in the Indian digital payments market, currently dominated by PhonePe and Google Pay.</li><li>The company has received a payment aggregator license and a prepaid payments instrument/wallet license from the Reserve Bank of India.</li><li>Amazon is competing with other platforms in various services like bill payments, UPI transactions, and insurance premium payments.</li></ul>

Amazon Invests $41 Million in Amazon Pay India

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