Amazon completes Axio acquisition, secures access to direct lending business in India

Mădălin Mihai

(Corrects headline and first paragraph to clarify that Amazon will hold the direct lending licence through Axio) By Ashwin Manikandan MUMBAI :Amazon said on Thursday that it has completed the acquisition of Bengaluru-based non-banking lender Axio for an undisclosed amount, securing access to a direct lending business in India. The Reserve Bank of India cleared the deal in June, said Mahendra Nerurkar, Amazon’s vice president for payments for emerging markets. The deal has been in the works