E-commerce giant Amazon Inc is set to acquire Emvantage Payments, a Delhi-based online payment gateway platform, for an undisclosed amount. The acquisition will help Amazon accelerate the development of convenient payment solutions for its customers, the firm said.
Emvantage’s employees will join Amazon’s payments team to develop payment products and solutions specifically for the Indian market.
“We are focused on providing customers in India with a convenient and trust worthy shopping experience” said Srinivas Rao, director, Amazon Payments India. “Emvantage is a valuable addition to our team … .” FE