India’s central bank fines Visa for unauthorised payment method
BENGALURU (Reuters) -The Reserve Bank of India imposed a penalty of 24.1 million rupees (nearly $288,000) on Visa in relation to its usage of an unauthorised payment transfer method, the central bank said on Friday. “It was observed that the entity (Visa) had implemented a payment authentication solution without regulatory clearance from RBI,” the central …
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