(Reuters) — Amazon.com said it has acquired Indian payments processor Emvantage Payments for an undisclosed sum.
Emvantage’s employees will join Amazon’s India unit that will use the company’s technology on its e-commerce website, Amazon said in a statement.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1876503,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,commerce,entrepreneur,","session":"D"}']Amazon has been rapidly expanding into India’s fast growing e-commerce segment that is likely to grow to $220 billion by value of goods sold by 2025.
(Reporting by Himank Sharma; Editing by Sunil Nair)
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More