RBI's reply on Talkcharge scam

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Deal Cadet
roXtar007

Recently RBI published a press release against Talkcharge to stop there scam.


  1. 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.
  2. 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).
  3. 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.
  4. 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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26 Comments  |  
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Patron Patron
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RBI sunglasses
Scamsters & money launderers 🤕🤕

Deal Cadet Deal Cadet
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Sabka badla lega apna RBI..
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Helpful Helpful
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Finally something to cheer for.Hope people get their money back

Deal Cadet Deal Cadet
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will they?? i doubt since its bankruptcy
Helpful Helpful
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what if they declared themself diwaliya?

Community Angel Community Angel
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RBI doing great

Deal Cadet Deal Cadet
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Oh,I didn't check that comment, I just saw that there is no post created on this latest update...  

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got an email from from legal firm regarding the payment for the cashback re eived. anyone else also got?

Deal Cadet Deal Cadet
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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.

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