Amazon Pay (India) - 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.
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 financial year 2020.
Amazon Pay's total revenue for fiscal 2020 grew over 64 per cent to Rs 1,370 crore over Rs 83 4.5 crore in fiscal 2019, according to Registrar of Companies filing - shared by market intelligence firm Tofler.
Submitted December 12, 2020 at 10:10AM by nasirbobby https://ift.tt/3gE2Nff via TikTokTikk
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