The RBI had issued a notice to Amazon Pay (India) advising it to show cause as to why penalty should not be imposed for non-compliance with the directions.
Amazon has been fined $1 3 billion by an Italian authority for abusing its market position swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Amazon was fined 746 million euros ($880 million) by Luxembourg authorities over allegations it flouted the EU's data protection rules, the online retail giant said Friday.
The fine was issued July 16 by the Luxembourg National Commission for Data Protection following its determination that "Amazon's processing of personal data did not comply with the EU General Data Protection Regulation (GDPR)," Amazon said in a securities filing.
OODA Loop - Amazon Fined 746 Mn Euros in Luxembourg Over Data Privacy oodaloop.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oodaloop.com Daily Mail and Mail on Sunday newspapers.