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RBI imposes penalties on 3 payment system operators

By Economic Times - 4 months ago
The RBI said monetary penalty on Payment System Operators (PSOs) Manappuram Finance and Ola Financial Services has been imposed for non-compliance with certain provisions of Know Your Customer (KYC) directions. Compounding orders were also issued to two Ola Financial Services and Visa Worldwide for contravention of certain provisions.

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