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RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

RBI imposes Rs 21 lakh penalty on PhonePe for compliance lapses

12 Sep 2025, 20:06 PM

The RBI said, in an order dated September 10, 2025, a penalty was imposed on PhonePe for non-compliance with certain norms related to PPIs.

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

MobiKwik elevates Saurabh Dwivedi as Chief Technology Officer

30 Jun 2025, 18:30 PM

The fintech company has also elevated Dhruv Wadhera as Senior Vice President (SVP), Offline Payments.

RBI allows PPI holders to make UPI payments using third party apps

RBI allows PPI holders to make UPI payments using third party apps

27 Dec 2024, 22:22 PM

Currently, UPI payments from/to a bank account can be carried out using the UPI application of that bank or of any third-party application provider.

Who Reads Us

Fintech Highlights

  1. Dezerv raises Series C funding co-led by existing investors Premji, Accel

  2. RBI appoints Sanjay Kumar Hansda as Executive Director

  3. OpenAI partners with NPCI, Razorpay to launch agentic payments on ChatGPT

  4. Qapita secures Series B funding led by Charles Schwab

  5. Amazon Pay India reports Rs 2,097 crore in FY25 revenues

  6. Read more news...

AI/Emerging Tech

  1. Thinking Machines Lab' Andrew Tulloch quits to join Meta

  2. SoftBank inks definitive pact to buy ABB's robotics business for $5.37 billion

  3. OpenAI rolls out ChatGPT Go plan in 16 more countries

  4. Anthropic to open first office in India in early 2026

  5. GreyLabs AI secures Series A led by Elevation Capital

  6. Read more news...

Money & Machines

  1. Money & Machines: Regulators, Reel Stars, Real Money. And 'All Inclusive' — Inside GFF 2025

  2. What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

  3. RBI brings the wild west under regulatory fold; Hello, AI friend

  4. The same fate of two digital lending posterboys; Healthcare not AI ready?

  5. Previous editions...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

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