RBI imposes Rs 6 crore penalty on 4 White Label ATM operators

In a release, it also said a penalty of Rs 3 crore has been imposed on Transaction Analysts (India) Pvt Ltd for contravention of certain provisions of directions related to issuance and operation of prepaid payment instruments (PPIs), and Know Your Customer.

from Banking/Finance-Industry-Economic Times https://ift.tt/3kuGgDX