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Western Union News

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RBI has slapped a penalty of Rs 1 crore on Paytm Payments Bank Limited. RBI added that on examination of PPBL’s application for issue of final Certificate of Authorisation. Besides Paytm Payments Bank, the RBI has also penalised Western Union Financial Services Inc (WUFSI).
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ED is tracing some suspicious European and PoK remittances which have been routed to J&K.
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Hazel was allegedly denied financial transaction at the West Union Jaipur center since her name wasn't HINDU enough.
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Indians beneficiaries receive an average of Rs 2.30 lakh per year in remittances from their family members working abroad in a year and half of them said that the income has improved savings, a report said.






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