RBI (Reserve Bank of India)

PM Narendra Modi Says Policy Measures Taken To Boost Social Impact Of FinTech In India

August 30, 2024 admin

Narendra Modi said the social transformation brought about by the fintech sector is far-reaching. Mumbai: Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion in investments in the last 10 years, and the abolition of the…

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RBI Fines Visa Rs 2.41 Crore Over Usage Of Unauthorised Payment Method

July 27, 2024 admin

RBI has aimed to tighten scrutiny of the processes followed by fintech compamies. New Delhi: The Reserve Bank of India imposed a penalty of Rs 2.41 crore (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank said on Friday. “It was observed that the entity (Visa)…

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