Amazon Pay's losses soar as revenues increase
Amazon Pay’s losses soar as revenues increase In July this year, Amazon Pay also made its entry in the insurance sector 1 min read In FY’20, Amazon Pay’s total expenses stood at ₹3238 crores, compared to ₹1995 crore in FY’19 Amazon Pay, which launched its UPI-based person-to-person (P2P) payments last year, has been focusing on acquiring newer users Share Via Read Full Story Amazon Pay India Pvt. Ltd, the digital payments arm of Amazon India, saw its revenues rise by 64% to ₹1370 crore in 2019-20 fiscal (FY’20), as its net losses bloated to ₹1868 crore, with the company ...
Source: livemint.com