Amazon pay will reportedly buy Indian payment company Tapzo at a price of $30 million to $40 million.
![](https://i0.wp.com/paypay.me/"wp-content/uploads"/2018/08/image009.jpg?resize=588%2C419)
The acquisition will allow amazon to further compete with e-commerce giants including walmart, Flipkart and eBay in India, a potentially huge market.
Tapzo has 5 million users in India, and the acquisition of Tapzo is one of the latest investments by Amazon to pay for the financial technology industry in India. It is reported that Amazon has already invested in capital Float, Acko, Tonetag and other Indian online payment companies.
As usual, amazon did not respond directly to the deal, nor did it provide detailed terms and financial details.
A spokesman for Amazon said that our commitment to building the digital payment market in India had not changed. Our goal is to make digital payments easier for our customers by improving their customer experience, affordability and daily habits.