Page 56 - Amazon Pay News Today

Reserve Bank of India has slapped Amazon Pay's local unit with a fine of over $373,000 for non-compliance with know your customer guidelines.

The central bank has imposed penalty for non-compliance of the Prepaid Payment Instruments and KYC directions

The Reserve Bank of India todaysaid it has imposed a penalty of over Rs 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.

The Reserve Bank had issued a notice to the digital payment platform advising it to show cause as to why penalty should not be imposed for non-compliance with the directions

/PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Cashback Apps Market by Type (Cash Back and Points Back),...

When you visit our Complex sites, you are agreeing to the terms of this Privacy Policy. Read more about your privacy rights and personal information here.

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If youre reading this as a post on our si

/PRNewswire/ -- Major players in the digital payments market are Alipay, Amazon Pay, Apple Pay, Tencent, Google Pay, First Data, Paypal, Fiserv, Visa Inc., and...

So far, despite the initial pushback from the industry when a ban on pre-paid instruments was announced, it has been a light-touch regulatory approach. That’s the stance that the RBI should stay with if Indian consumers are to continue to benefit from the efficiencies which digital payments offer

The Reserve Bank of India (RBI) released detailed lists of entities allowed to function as payment aggregators and those who aren't.