RBI Revoked Certificate of Authorisation of GI Technology Private Limited

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

Following the revocation of the CoA, the company cannot transact the business of issuance and operation of Prepaid Payment Instruments. However, customers or merchants having a valid claim, if any, on the company as PSO, can approach the company for settlement of their claims.