RBI Levies Rs 1 Crore Penalty Each On One Mobikwik Systems, Spice Money
RBI has imposed a penalty of Rs 1 crore each on payment system operators One Mobikwik Systems Private Limited and Spice Money Limited
Source: ndtv.com
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RBI Imposes Rs 1 Crore Penalty Each on Mobikwik and Spice Money
The Reserve Bank of India (RBI) on Thursday announced that it has imposed a monetary penalty of Rs 1 crore each on two payment system operators (PSOs) One Mobikwik Systems Private Limited and Spice Money Limited for violating certain norms of the banking regulator.
Source: moneylife.in
RBI imposes Rs 1 cr fine each on Mobikwik and Spice Money
The central bank explained that it has observed that One Mobikwik Systems Private Limited and Spice Money Limited had not complied with the direction issued by RBI on the net-worth requirement for Bharat Bill Payment Operating Units (BBPOUs).
Source: businesstoday.in
E-payment Solutions Market To Demonstrate Spectacular Growth By 2026 | Axis Bank, HDFC Bank, ICICI Bank
E-payment Solutions Market To Demonstrate Spectacular Growth By 2026 | Axis Bank, HDFC Bank, ICICI Bank
Source: texasguardian.com