PhonePe Fined ₹21 Lakh by RBI over PPI Compliance Breach
RBI has imposed a ₹21 lakh penalty on PhonePe for failing to comply with PPI guidelines, citing escrow account shortfalls and reporting lapses during its October 2023—December 2024 inspection.
Payment and Settlement Systems Act
Google Play not a payment aggregator; Calcutta High Court dismiss Hoichoi’s plea against Google Play Store delisting
The extracts of the relevant web-pages furnished by the Hoichoi, the petitioners, themselves go on to show that the Google Play platform merely offers different payment methods but does not itself Act as a PA.
CBDT | Charges collected on prescribed electronic modes asked to be refunded, if collected after 1st January, 2020
Central Board of Direct taxes notifies a clarification that the imposition of a charge on the prescribed electronic modes under Section 269
RBI imposes penalty on — One Mobikwik Systems Private Limited and Hip Bar Private Limited
In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has