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RBI imposed penalty on two payment system operators

RBI Update: The Reserve Bank of India (RBI) has imposed penalty on two payment system operators. Monetary penalties have been imposed on Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services Inc (WUFSI) for deficiencies in regulatory compliance.

Paytm Payments Bank Ltd fined

WUFSI fined 27 lakhs 

rule compliance error

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