Visa fined $288,000 by Indian central bank for unapproved payment method

From Investing.com: 2024-07-27 01:35:58

The Reserve Bank of India fined Visa $288,000 for using an unapproved payment method. Visa implemented a payment solution without RBI clearance. The central bank aims to tighten scrutiny of fintech companies. Visa spokesperson ensures compliance with RBI regulations for safe payment solutions. RBI ordered Visa to cease unauthorised commercial payments in February.



Read more at Investing.com: India’s central bank fines Visa for unauthorised payment method By Reuters