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Why did the RBI impose a penalty on Amazon Pay (India)?
  • a)
    Failure to comply with KYC guidelines
  • b)
    Failure to report PPI transactions to RBI
  • c)
    Violation of the Master Directions on PPIs
  • d)
    All of the above
  • e)
    None of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Why did the RBI impose a penalty on Amazon Pay (India)?a)Failure to co...
While the exact reason for Amazon Pay's failure to comply with the rules is not clear from the available sources, possible factors could include challenges in verifying customer identities, neglecting to report transactions or customer data, and violating provisions of the Master Directions on PPIs issued by the RBI in 2021.
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Why did the RBI impose a penalty on Amazon Pay (India)?a)Failure to comply with KYC guidelinesb)Failure to report PPI transactions to RBIc)Violation of the Master Directions on PPIsd)All of the abovee)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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