RBI revokes the Authorisation granted to Kaizen Automation Private Ltd; Mumbai for issuance of prepaid cards known as ‘Go Mumbai’ cards

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Published on April 07, 2011

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RBI revokes the Authorisation granted to Kaizen Automation Private Ltd;
Mumbai for issuance of prepaid cards known as ‘Go Mumbai’ cards

In exercise of the powers conferred under Section 8 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has revoked the Authorisation granted to Kaizen Automation Private Limited, B-601-602, Citi Point, Andheri, Kurla Road, J. B. Nagar, Near Kohinoor Continental, Andheri (East), Mumbai-400059 for issuance and operation of prepaid cards known as ‘Go Mumbai’ cards, with immediate effect.

J.D. Desai
Assistant Manager

Press Release : 2010-2011/1455