Home   »   RBI imposed penalty on payment operators...

RBI imposed penalty on payment operators One Mobikwik & Spice Money

Mobikwik: RBI imposed penalty on payment operators One Mobikwik & Spice Money_60.1

Reserve Bank of India (RBI) has imposed monetary penalties on two payment system operators, One Mobikwik Systems Private Limited and Spice Money Limited, for violation of norms. Both the payment companies have been slapped with a fine of Rs 1 crore, as per the order issued by the central bank. In a statement, the RBI said it has imposed the penalty on the two payment system operators for “committing offences of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSSAct).”

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Find More Banking News Here

Mobikwik: RBI imposed penalty on payment operators One Mobikwik & Spice Money_70.1

Mobikwik: RBI imposed penalty on payment operators One Mobikwik & Spice Money_80.1

Leave a comment

Your email address will not be published. Required fields are marked *