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RBI cautions public against using unauthorised prepaid payment entities

RBI cautions public against using unauthorised prepaid payment entities
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RBI asks Talkcharge to refund customers, says company issuing wallets without its permission

The RBI said it has come to the notice of the RBI that TalkCharge Technologies is issuing Prepaid Payment Instruments (Wallets) through its website and app without obtaining the required authorisation from RBI under the provisions of the Payment and Settlement Systems Act, 2007.

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RBI: RBI orders Talkcharge Technologies to stop issuing prepaid wallets

The regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latter to return customer funds held in its wallets.

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RBI warns against using prepaid payment instruments from unauthorised entities

RBI warns against using prepaid payment instruments from unauthorised entities
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Reserve bankPrepaid payment instrumentsGurgaon based talkcharge technologiesPrepaid paymentSettlement systems actTalkcharge technologies

PayU receives RBI nod to operate as payment aggregator

PayU receives RBI nod to operate as payment aggregator
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