Regulation on licencing and registration of payment institutions, electronic money institutions and postal service providers acting as payment service providers and/or electronic money issuers, No 11 of 11 January 2024
NBM regulation on the licensing and registration of non-bank payment service providers. Amended by Executive Board Decisions No. 267 of 31 October 2024 and No. 270 of 10 November 2025.
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Ola Financial Services Private Limited for non-compliance with KYC directions under the Payment and Settlement Systems Act, 2007. Following a…
This site uses only the cookies it needs to work, such as keeping you logged in. It uses no advertising or tracking cookies.
Read the Cookie Notice.
Suggest a correction or addition
Spotted something wrong, missing or worth adding? Tell our editors. Every submission
is reviewed and verified against its source before anything changes — nothing you send appears on the
site automatically.
Thank you — our editors will review this
Your suggestion has been received. Contributions from practitioners keep these profiles accurate. Nothing appears on the site until an editor has verified it against its source.
