Amazon Pay India’s FY21 revenue up 30% to ₹1,716cr

Amazon Pay India, the digital payments arm of US-based ecommerce giant Amazon, saw its losses narrow by 18.8% in the financial year 2020-21 to ₹1,516.4 crore against ₹1,868 crore in FY20, according to its annual regulatory filings with the Registrar of Companies (RoC).

The firm’s revenue from operations grew by 30% in FY21 to ₹1,716 crore up from ₹1,315 crore, even as expenses at ₹3,295 crore was flat against ₹3,234 crore recorded in FY20, the filings accessed by ET through business intelligence firm Tofler showed.