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Track fishy transactions, RBI tells payment firms

In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund candidates who are participating in the elections. ....

Election Commission Of India , Reserve Bank , Election Commission , Unified Payments Interface , Payment Companies , Payment Firms ,

RBI digital payments: Track fishy transactions, RBI tells payment firms

The central bank has also asked payment companies to monitor and report high-value merchant payments during ongoing general elections. In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent likely misuse of e-fund transfer systems to influence voters or indirectly fund poll candidates. ....

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RBI directs payment firms to track high-value, fishy transactions during elections

India Business News: The Reserve Bank of India has directed regulated payment companies to monitor high-value or suspicious transactions to prevent misuse during elections ....

Election Commission Of India , Reserve Bank , Election Commission , Unified Payments Interface , Business News , Suspicious Transactions , Payment Firms , Lok Sabha Elections 2024 , High Value Transactions , Digital Payments ,