Amazon Pay India’s loss narrows by 18.8% in FY21

Amazon Pay India, the digital payments arm of US-based ecommerce giant Amazon, saw its loss narrow by 18.8% in the financial year 2020-21 to Rs 1,516.4 crore from Rs 1,868 crore in FY20, according to its filings with the Registrar of Companies.

Revenue from operations rose 30% to Rs 1,716 crore in FY21 from Rs 1,315 crore, while expenses at Rs 3,295 crore was flat against Rs 3,234 crore the year before, the filings accessed by ET through business intelligence firm Tofler showed.