The Reserve Bank of India, in exercise of the powers conferred on it under the Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (CoA) of the below mentioned Payment System Operator (PSO):

Following the cancellation of the CoA, the company cannot transact the business of the authorised payment system, as mentioned above. However, customers or merchants having a valid claim, if any, on this company as PSO, can approach it for settlement of their claims within three years from the date of cancellation.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/224