Day: May 4, 2019

Fines of millions on PhonePe and M-Paisa, RBI action

Central Bank RBI on Friday imposed a fine on five prepaid payment instruments (PPI) insurers, including Vodafone M-Paisa and PhonePe. Apart from this, two American companies – Western Union Financial Services Inc. and MoneyGram Payment Systems Inc. have also been penalized for not accepting guidelines. In a statement, the central […]