In a significant development, the World Trade Organization (WTO) members, including India, have agreed to extend the moratorium on imposing customs duties on e-commerce trade for an additional two years, until the next ministerial conference in 2026.

E-commerce giant Amazon's financial technology arm, Amazon Pay, has secured authorization from the Reserve Bank of India (RBI) to operate as a payments aggregator (PA). The RBI approved Amazon Pay's application on February 20, adding it to the list of companies granted this coveted license in 2024.