Amazon buys Indian payments startup Emvantage

Amazon today acquired Noida-based online payments solution startup Emvantage Payments for an undisclosed sum. As part of the acquisition, the startup's employees will join Amazon's India unit. The deal will reportedly close by the first quarter of 2016. Founded in 2012, Emvantage has developed payment solutions including a payment gateway, mobile wallet and prepaid card solutions, among others.

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