National Current Affair. RBI fines MobiKwik, HipBar for violating norms • The RBI has imposed a penalty of about Rs 26 lakh on Gurugram-based payments startup MobiKwik and Chennai-based mobile wallet and adult beverages delivery startup HipBar for violation of norms. • While MobiKwik was fined Rs. 15 lakh on May 17, HipBar was fined Rs. 10.85 lakh on May 24. • They were imposed under Section 30 of the Payment and Settlement Systems Act, 2007. - Study24x7
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National Current Affair. RBI fines MobiKwik, HipBar for violating norms • The RBI has imposed a penalty of about Rs 26 lakh on Gurugram-based payments startup MobiKwik and Chennai-based mobile wallet and adult beverages delivery startup HipBar for violation of norms. • ...

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