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RBI slaps Rs 3.06 cr penalty on Amazon Pay (India) for non-compliance of rules

RBI slaps Rs 3.06 cr penalty on Amazon Pay (India) for non-compliance of rules

Mar 04, 2023, at 01:04 am

Mumbai: The Reserve Bank of India Friday said it has fined Amazon Pay (India) Private Ltd more than Rs 3.06 crore for not adhering to certain rules regarding Prepaid Payment Instruments (PPIs) and the Know Your Customer (KYC) directive.