Requires authorisation from Finansinspektionen to issue electronic money and sets rules on capital, safeguarding of customer funds, governance and supervision. Issued 9 June 2011; amendments shown up to SFS 2026:1069.
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…
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