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AMAZON GRABBED WALLET LICENCE IN INDIA


The world's largest e commerce site made a big move.By this the customers of amazon who buys the products will have less friction in the payment process.
At present the customer who buys a product from Amazon has to go two factor authentication process.
But now this e commerce site got licence for the wallet in the country.
With this wallet licence the customers now can very easily top up their wallet for the future purchases.
This wallet licence also gives amazon an effective channel for cash back offers,faster refunds and to give other incentives.
The rival e commerce site flipkart gathered about 1.4 billion dollars funds from e bay ,microsoft and other companies recently.At this moment amazon announced this news few days ago.
Amazon  was founded 22 years ago in 1994 ,July 5th.This e commerce had a name as cadabra in the earlier days.
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