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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.

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