RBI issues alert against prepaid payment instruments by illegal entities
The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities.
Source: thestatesman.com
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RBI Orders TalkCharge to Refund Customers' PPI Wallet Balance, Cautions Public Against PPI Issued By Unauthorised Entities | Personal Finance News
Gurugram-based company TalkCharge has been asked by RBI to stop issuance and operation of its PPI or Wallets and refund the balances held in the wallets by May 17, 2024.
Source: india.com
RBI asks 'Talkcharge' to refund customers, says company issuing wallets without its permission
The RBI said it has come to the notice of the RBI that TalkCharge Technologies is issuing Prepaid Payment Instruments (Wallets) through its website and app without obtaining the required authorisation from RBI under the provisions of the Payment and Settlement Systems Act, 2007.
Source: moneycontrol.com
RBI: RBI orders Talkcharge Technologies to stop issuing prepaid wallets
The regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latter to return customer funds held in its wallets.
Source: indiatimes.com
RBI issues alert against prepaid payment instruments by illegal entities
Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities.
Source: siasat.com