Question

    Which company did RBI penalize ₹10 lakh for

    non-compliance with prepaid instrument rules?
    A Amazon Pay Correct Answer Incorrect Answer
    B PhonePe Correct Answer Incorrect Answer
    C India Post Payments Bank Correct Answer Incorrect Answer
    D Cashfree Payments Correct Answer Incorrect Answer
    E Razorpay Correct Answer Incorrect Answer

    Solution

    RBI imposed a ₹10 lakh penalty on Cashfree Payments for violating prepaid payment instrument (PPI) regulations.

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