The government of India has fined VISA, the world’s leading payment system for non-compliance with the Indian transaction policy. News Reuters.
According to the news, the Central Bank of India has recently fined Visa 2 crore 41 lakh rupees for not complying with the transaction policy, which is about 2 lakh 88 thousand in terms of dollars.
According to the central bank of India, it has been noticed that the type of transactions that Visa card is doing and solving the transaction related problems are beyond the policy of the central bank of India.
In this regard, Visa has informed, “We are not disagreeing with the instructions of the Central Bank of India.” In the future, Visa will refrain from any type of work outside the policy”.
