Western Union Financial Services Inc. Current Affairs, GK & News
RBI fines Paytm Payments Bank and Western Union
Reserve Bank of India (RBI) has imposed monetary penalty on two payment system operators viz., Paytm Payments Bank Ltd (PBBL) as well as Western Union Financial Services Inc. Key Points RBI levied a penalty of Rs 1 crore on PBBL. Penalty was imposed because of an offence related to Payment and Settlement Systems Act, 2007 ..
Month: Current Affairs - October, 2021
Category: Banking Current Affairs
Topics: Paytm Payments Bank Ltd (PBBL) • Penalty on Paytm Payments Bank • Penalty on Western Union • Reserve Bank of India (RBI) • Western Union Financial Services Inc.
RBI imposes fines on PPIs for violating Regulatory Guidelines
Reserve Bank of India (RBI) imposed a monetary penalty on five Pre-Paid Payment Instrument (PPI) issuers which include Vodafone’s m-pesa and Phonepe, for violating its regulatory guidelines under provisions of Payment and Settlement Systems Act, 2007. Other facing Penalty includes, Western Union Financial Services Inc., MoneyGram Payment Systems Inc, (both are US firms) for for compounding ..
Month: Current Affairs - May, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Amazon • MobiKwik • MoneyGram Payment Systems Inc • Oxigen • Paytm • PPI • Pre-Paid Payment Instrument • RBI • Vodafone mPesa • Western Union Financial Services Inc.