Amazon just cleared its biggest hurdle for payments in India

Amazon can now operate its digital payments service in India after receiving a Prepaid Payment Instrument (PPI) license from the country's federal bank. 

This marks the entry of Amazon in a highly competitive — and rapidly growing — mobile wallet landscape in India which is currently dominated by Paytm with 200 million users. 

SEE ALSO: Samsung Pay to launch in India in first half of 2017

Incidentally, Paytm is backed by Alibaba, Amazon's biggest rival in Southeast Asia

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