Estimated reading time: 0 minutes, 30 seconds

Amazon Expands Offerings in 'Battleground' India

Amazon.has made some new additions to its financial services in India as competition in the fintech sector grows in its predominately cash-based economy. So reports Reuters.

AmazonGold and insurance are among some of the additions Amazon is now offering in the “battleground growth market” where 190 million adults lack a bank account. “To boost online payments, Amazon launched its Amazon Pay digital wallet in 2016. It has since introduced a credit card, signed up to a state-backed payments network, and processes payments for movie and flight tickets as well as telephone and utility bills,” according to the article.

Read the full article from Reuters.

Read 2263 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.