Revocation of Certificate of Authorisation

Press Releases Marquee

RbiAnnouncementWeb

Asset Publisher

Back

Published on March 10, 2021

LISTEN

PDF ( 328052 )

Revocation of Certificate of Authorisation

The Reserve Bank of India, in exercise of the powers conferred on it under Section 8 of the Payment and Settlement Systems Act, 2007, has revoked the Certificate of Authorisation (CoA) of the below mentioned Payment System Operators (PSOs):

Sr. No.	Company’s Name	Registered Office Address	CoA No. & Date	Payment System Authorised	Date of Revocation	Reason for Revocation
1.	RiddiSiddhi Bullions Limited	Bullion House, 115, TambaKatta, Opp. Dagina Bazar, Pydhonie, Mumbai – 400 003	71/2014 dated May 15, 2014	Setting up, owning and operating White Label ATMs	04.03.2021	Non-compliance with regulatory requirements
2.	AGS Transact Technologies Limited	601-602, B-Wing, Trade World, Kamala City, Senapati Bapat Marg, Lower Parel (W), Mumbai – 400 013	73/2014 dated June 30, 2014	Setting up, owning and operating White Label ATMs	04.03.2021	Non-compliance with regulatory requirements