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News: India

Illustration of a phone wallet app linked by dotted lines to a document with an orange approval seal and to a columned bank building.
fintech ·

MobiKwik RBI Penalty: ₹9 Lakh Fine Over Wallet Transfers and Fraud Reports

The RBI fined MobiKwik ₹9 lakh for letting wallet users send too much to unregistered payees and for late fraud reports.

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