Amazon India's payments arm secures â¹67 crore in funding
E-commerce major Amazon India's payments portal Amazon Pay has received funding worth â¹67 crore ($10.46 million) from its Singapore-based arm Amazon Corporate Holdings and parent company Amazon. The payments arm has also been rebranded to Amazon Pay (India) Pvt Ltd. The change in the name comes after Amazon received a wallet license from the Reserve Bank of India in March.