(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.
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)
Amazon.com, Inc. (NASDAQ: AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Ea... All Amazon news »