RBI Cancels Certificate of Authorisation for this Payment System Operator; Check Name

RBI Cancels Certificate of Authorisation for this Payment System Operator; Check Name The Reserve Bank of India (RBI) Cancels Certificate of Authorisation of a Payment System Operator and notified via Press Release 2022-2023/224 dated 17th May 2022. The Press Release is Given Below: 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 revocation of the CoA, the company will be unable to conduct the above-mentioned authorised payment system activities. Customers or merchants who have a legal claim against this company as PSO can approach it for resolution within three years of the date of cancellation. For Official Press Release Download PDF Given Below: