Amazon has obtained a license from the Indian payment Bank to allow it to operate prepaid payment services , according to the bank 's website . The uk - headquartered e - commerce giant launched its Amazon Bay Balance service late last year . The tool is similar to a mobile app , but transactions are so far unrelated to Amazon . The firm 's newly - obtained Reserve Bank of India license will be compatible with Amazon Pay .
Amazon has obtained a license from the Indian Reserve Bank to allow it to operate prepaid payment instruments, according to the bank's website. The Seattle-headquartered e-commerce giant launched its Amazon Bay Balance service late last year. The tool is similar to a mobile wallet, but transactions are so far restricted to Amazon. The firm's newly-obtained Reserve Bank of India license will be linked with Amazon Pay.