Amazon Pay India s loss widens to Rs 1,868.5 crore in financial year 2020 reports Tofler
The company saw its parent pumping in over Rs 2,700 crore investment in the financial year 2020.
Dec 14, 2020 12:39:35 IST
Amazon Pay, the e-commerce giant s payments unit in India saw its losses widen to Rs 1,868.5 crore in the financial year 2020 from Rs 1,160.8 crore in the fiscal ended March 2019, as per regulatory documents shared by market intelligence firm
Tofler. The company, which competes with players like Paytm, Flipkart s PhonePe and Google Pay, saw its parent pumping in over Rs 2,700 crore investment in the financial year 2020. The filing pointed out that Amazon Pay India has received Rs 2,705 crore in the financial year 2020 from Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited.
Amazon Pay India s Loss Widens To Rs 1 868 5cr In FY20
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Amazon Pay India s loss widens to Rs 1,868 5 crore in FY20
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