{"id":961318,"date":"2025-09-13T07:17:01","date_gmt":"2025-09-13T01:47:01","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=961318"},"modified":"2025-09-13T08:11:21","modified_gmt":"2025-09-13T02:41:21","slug":"rbi-imposes-rs-21-lakh-penalty-on-phonepe-for-non-compliance-with-ppi-rules","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/09\/13\/rbi-imposes-rs-21-lakh-penalty-on-phonepe-for-non-compliance-with-ppi-rules\/","title":{"rendered":"RBI imposes Rs 21 lakh penalty on PhonePe for non-compliance with PPI rules"},"content":{"rendered":"<p>The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 21 lakh on Walmart-owned digital payments firm PhonePe for non-compliance with certain regulatory provisions governing prepaid payment instruments (PPIs). <\/p>\n<p>The penalty, announced through an order dated September 10, follows a statutory inspection of PhonePe\u2019s operations for the period between October 2023 and December 2024. The penalty was imposed under provisions of the Payment and Settlement Systems Act, 2007, according to a press release on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 21 lakh on Walmart-owned digital payments firm PhonePe for non-compliance with certain regulatory provisions governing prepaid payment instruments (PPIs). The penalty, announced through an order dated September 10, follows a statutory inspection of PhonePe\u2019s operations for the period between October 2023 and December 2024. The penalty was imposed under provisions of the Payment and Settlement Systems Act, 2007, according to a press release on Friday.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-961318","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/961318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=961318"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/961318\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=961318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=961318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=961318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}