RBI Imposes Penalty of Rs 3.06 Crores on Amazon Pay India
Amazon Pay (India) Pvt. has been penalized Rs 3.06 crore by the Reserve Bank of India (RBI). Ltd, Amazon’s online payment processing service, for violating the Know Your Customer (KYC) guidelines and provisions regarding Prepaid Payment Instruments (PPIs). In accordance with RBI’s authority granted by Section 30 of the Payment and Settlement Systems Act of […]
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