In a bold move heralding greater financial inclusion, Amazon's latest acquisition of the Indian fintech firm, Axio, promises to democratize credit access for millions of historically underserved consumers in India. This pursuit aligns with broader social equity goals by breaking down barriers faced by consumers in obtaining financial services, signaling a significant step towards dismantling economic disparities in the region.
Amazon Expands Financial Equity with Purchasing of Indian Fintech Axio
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Jan-17
Technology
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Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it seeks to expand credit access to millions of underserved customers. The US technology group, which has h…
From TechCrunch
Jan-17
Technology
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Amazon's strategic acquisition of Axio, a leading buy now pay later startup, underscores its ambitious expansion and competitive edge in the global financial services sector. By tapping into India's burgeoning market, Amazon positions itself favorably against local and international competition, leveraging Axio to potentially monopolize the fintech space and offer unparalleled credit services to millions of consumers, fostering a free market approach to financial access.
From TechCrunch