Amazon Pay India FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13%

While Amazon is one of the largest ecommerce companies in the country, its payment subsidiary has seen limited success amid stiff competition from the likes of Google Pay, Paytm and others. As of November 2023, Amazon has issued around 65.3 million mobile wallets in the country which were used for 3.3 million transactions against goods and services in November alone.