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The Reserve Bank of India on Friday said that it has imposed a monetary penalty of Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions.In a statement on Friday, the RBI said: "The Reserve Bank of ...
The Reserve Bank of India (RBI) has imposed a penalty of Rs 3.06 crore on Amazon Pay (India) Private Limited over non-compliance with the regulator's directions on KYC requirements. -- aaa
The central bank has imposed penalty for non-compliance of the Prepaid Payment Instruments and KYC directions
The collaboration will enable foreign visitors from G20 countries to make payments at over five crore merchant outlets across India, that accept QR Code-based UPI payments.
The apex bank- RBI has sought feedback of UCBs through NAFCUB on a draft Master Directions on