RBI's reply on Talkcharge scam
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Recently RBI published a press release against Talkcharge to stop there scam.
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Issue Identified by RBI:
- The Reserve Bank of India (RBI) noticed that TalkCharge Technologies Pvt. Ltd. was issuing Prepaid Payment Instruments (Wallets) without proper authorization.
- The company’s registered office is at Unit No. 323, JMD Megapolis, 3rd Floor, Sohna Road, Sector 48, Gurgaon, Haryana-122018.
- The issuance of wallets without RBI authorization violates the Payment and Settlement Systems Act, 2007.
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RBI’s Action:
- On April 2, 2024, the RBI issued directions to TalkCharge Technologies Pvt. Ltd.:
- Stop issuing and operating its Prepaid Payment Instruments (Wallets).
- Refund the balances held in the wallets within 45 days (extended from the initial 15 days).
- On April 2, 2024, the RBI issued directions to TalkCharge Technologies Pvt. Ltd.:
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Misleading Notice by the Entity:
- TalkCharge Technologies Pvt. Ltd. sent a legal notice to its customers.
- The notice demanded the return of Cashback.
- The company falsely implied that this demand was based on RBI’s directions.
- Clarification: The RBI only instructed the company to refund prepaid amounts to customers, not demand cashback repayment.
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Public Caution:
- Exercise utmost caution when using websites or applications.
- Verify that the website or entity is authorized to carry out the activity it claims.
- Refer to the list of authorized payment system providers on the RBI website: Authorized Payment System Providers.
Remember, it’s essential to be vigilant and verify the legitimacy of financial services to protect your money and personal information. 🛡️
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Yeah, I got it. I'm ignoring it for now. They have to prove their ground of business and commercial use to ask for a refund of cashback as per my general understanding.
And we can file a case against them too that how can they keep user in dark and and operate a wallet without getting license from RBI.
already posted @roXtar007
Oh,I didn't check that comment, I just saw that there is no post created on this latest update... Â
RBI doing great
what if they declared themself diwaliya?
Finally something to cheer for.Hope people get their money back
RBI
Scamsters & money launderers 🤕🤕
got an email from from legal firm regarding the payment for the cashback re eived. anyone else also got?