Amazon acquires the indian startup Emvantage

Amazon announced the acquisition of Emvantage, the indian startup to facilitate users making online transactions using debit or credit cards and other mobile payment systems.

amazon indian startupAmazon (AMZN) has announced the acquisition of Emvantage, an Indian startup that provides a platform to make online payments using debit or credit cards and other mobile payment systems. Amazon will integrate its Indian (EPI) web portal with the Emvantage payment gateway to facilitate users making online transactions.

Amazon is currently using Paytm which is the only online payment company to facilitate online merchants with their online transactions. In 2014, the company started its e-commerce service to compete with Indian e-commerce giant Flipkart, Amazon, and Snapdeal.