Amazon India's Payments Unit Gets Rs. 700 Crores From Parent Ahead of Festive Season
700 crores in its Indian payments unit, ahead of the festive season, data from business intelligence firm Tofler showed. Amazon will begin its festive season sales on October 17, and has been trying to encourage payments through Amazon Pay with cashbacks and other rewards. Both Amazon and Flipkart offer deep discounts on everything from clothes, smartphones to home appliances ahead of key Hindu festivals Dussehra and Diwali.