News > RBI imposes fine on One Mobikwik Systems, Spice Money

RBI imposes fine on One Mobikwik Systems, Spice Money

Economic Times | 23/12/2021 08:56 PM | Click to read full article

The Reserve Bank of India has imposed a penalty of Rs 1 crore each on One Mobikwik Systems and Spice Money for violation of norms on net worth requirement provided by the regulator for Bharat Bill Payment Operating Units.

After an enquiry, it has been found that the two payment system operators were in violation of norms.