RBI imposes ₹3.06 crore penalty on Amazon Pay (India) for violation of norms
File photo of a logo of Amazon Pay in Mumbai. | Photo Credit: Reuters The Reserve Bank of India on Friday said it has imposed a penalty of over ₹3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. “It […]
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