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RBI imposed the penalty after it concluded that the company made certain non-permissible debit from the escrow account in violation of PA norms
The central bank added that the penalty was imposed in exercise of powers under provisions Section 30(1) and Section 26(6) of the Payment and Settlement Systems Act, 2007
Founded in 2015, Cashfree Payments offers digital payment solutions like payment gateway, payout solutions, and banking APIs
The Reserve Bank of India (RBI)…
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RBI imposed the penalty after it concluded that the company made certain non-permissible debit from the escrow account in violation of PA norms
The central bank added that the penalty was imposed in exercise of powers under provisions Section 30(1) and Section 26(6) of the Payment and Settlement Systems Act, 2007
Founded in 2015, Cashfree Payments offers digital payment solutions like payment gateway, payout solutions, and banking APIs
The Reserve Bank of India (RBI)…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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