Cancellation of Certificate of Authorisation

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Published on November 01, 2021

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Cancellation of Certificate of Authorisation

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 Operators (PSOs):

1. Issuance of Prepaid Payment Instruments

Sr. No.	Company's Name	Registered Office Address	CoA No. & Date	Date of Cancellation	Reason for Cancellation
1.	DigitSecure India Private Limited	Plot No: 1303 and 1304, 4th Floor, Khanamet, Hitech City, Ayappa Society, Madhapur, Hyderabad - 500 081	50/2012 dated 23.07.2012	30.09.2020	Voluntary Surrender
2.	Kedia Infotech Limited	518, 5th Floor, Swapnalok Complex, S D Road, Secunderabad - 500 003	85/2015 dated 29.07.2015	30.09.2020	Voluntary Surrender
3.	Oxigen Services (India) Private Limited	2nd Floor, Building 77 B, Shaheed Ripon Katyal Marg, Sector 18, Gurugram – 122 015	31/2010 dated 18.01.2010	31.12.2020	Voluntary Surrender

Following the cancellation of the CoA, these companies cannot transact the business of issuance and operation of Prepaid Payment Instruments. However, customers or merchants having a valid claim, if any, on these companies as PSOs, can approach them for settlement of their claims within three years from the date of cancellation.

2. Setting up, owning and operating White Label ATMs

Sr. No.	Company's Name	Registered Office Address	CoA No. & Date	Date of Cancellation	Reason for Cancellation
1.	Muthoot Finance Limited	2nd Floor, Muthoot Chambers, Banerji Road, Kochi – 682 018	64/2014 dated 30.01.2014	30.09.2020	Voluntary Surrender