Amazon Pay get RBI's payment aggregator license: What the licence means and Amazon's 'thanks note' to RBI

Amazon Pay has received a payment aggregator (PA) licence from the Reserve Bank of India (RBI), strengthening its merchant payments business. It can now offer online merchant payment services and has 6.6 crore wallets with operational revenue of Rs 2,093 crore in FY23.

Amazon Pay get RBI's payment aggregator license: What the licence means and Amazon's 'thanks note' to RBI
Amazon Pay has received a payment aggregator (PA) licence from the Reserve Bank of India (RBI), strengthening its merchant payments business. It can now offer online merchant payment services and has 6.6 crore wallets with operational revenue of Rs 2,093 crore in FY23.