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Amazon is taking on top payments and retail players in India - Business Insider

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Amazon may be set to take on major players in India's payments and commerce industries in the hopes of capitalizing on the market's potential

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its month-long sales event on October 17, and it could use this new investment to offer cash back and other rewards to consumers who use Amazon Pay to make purchases during the promotion in the hopes of driving adoption of its digital wallet. Meanwhile, Amazon is also trying to stop Reliance Industries' attempt to acquire Future Group in India. Major Indian conglomerate Reliance Industries, which operates Reliance Retail, moved to acquire Future Group's retail, wholesale, and logistics business in August for $3.

 

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