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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
The Reserve Bank of India (RBI) has cautioned people against the car pooling app called sRide, citing that the firm was operating a semi-closed (non-closed) pre-paid instrument (wallet) without required authorisation from the central bank.
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.
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.
RBI cautions public against using car pooling app sRide – Know reason HERE - According to the warning issued by RBI, the car pooling application has been operating without proper authorization from the bank.