Amazon India is "looking at multiple acquisitions (in online payments). It is a major focus area and the company is trying to figure out what it needs to do", one of the sources said, adding that the company has initiated acquisition talks with digital wallet and payments startups.
Amazon bought Noida-based payments services provider Emvantage in February, its first acquisition in India. The launch of Amazon's digital wallet in India is likely a quarter away, another source said, declining to be identified as the others. Amazon previously launched a digital wallet in the United States, its home turf, in 2014 but shut it in six months.
