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RBI cautions public against prepaid payment instruments issued by unauthorised entities

The RBI on Tuesday said Gurugram-registered 'sRide Tech Private Limited' is operating a pre-paid instrument (wallet) through its car-pooling app 'sRide' without obtaining the required permissions, as it cautioned the public against using applications issued by unauthorised entities. As such, any person dealing with sRide Tech Private Limited, will be doing so at their own
Ride Tech Private Ride Tech Private Limited Ride Tech Private Limited Settlement Systems Act India News E Wallet

Business News | SRide Car-pooling App Offers Services Without Required Approval: RBI

Get latest articles and stories on Business at LatestLY. The Reserve Bank of India (RBI) on Tuesday cautioned the public against sRide car-pooling app saying the tech firm offers semi-closed (non-closed) pre-paid instrument (wallet) services without authorisation from the central bank. Business News | SRide Car-pooling App Offers Services Without Required Approval: RBI.
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