MUMBAI (Reuters) - Amazon.com Inc (O:AMZN) said it has acquired Indian payments processor Emvantage Payments Pvt Ltd 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.