Monday, 29 July, 2024

RBI Imposes Fine on Visa for Unauthorized Payment Methods

The Reserve Bank of India (RBI) has fined Visa for using unauthorized payment methods in the country. The regulatory body cited violations of operational guidelines and non-compliance with RBI directives. Visa is required to address the issues and ensure adherence to all regulatory requirements. This action underscores the RBI's commitment to maintaining strict standards in the financial sector.