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Date : 31 Mar 2014
Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India

A. Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India

The Payment and Settlement Systems Act, 2007 along with the Board for Regulation and Supervision of Payment and Settlement Systems Regulations, 2008 and the Payment and Settlement Systems Regulations, 2008 have come into effect from 12th August, 2008.

The list of 'Payment System Operators’ authorised by the Reserve Bank of India to set up and operate in India under the Payment and Settlement Systems Act, 2007 is as under:

Position as on March 31, 2014

Sr. No.

Name of the Authorised Entity

Address of the Principal Office

Payment System Authorised

Date of issue of Authorisation & Validity Period
(given in brackets)

Financial Market Infrastructure

1

The Clearing Corporation of India Ltd.

The Managing Director, Clearing Corp. of India,
5th, 6th & 7th floor
Trade World, “C” Wing Kamala city, SB Marg, Lower Parel (West) Mumbai 400 013

i. Securities segment covering Govt Securities;

ii. Collateralised Borrowing and Lending obligations (CBLO);

iii. Forex Settlement Segment comprising of sub-segments

a. USD-INR segment,
b. CLS segment – Continuous Linked Settlement (Settlement of Cross Currency Deals),
c. Forex Forward segment;

iv. Rupee Derivatives Segment-Rupee denominated trades in IRS & FRA.

11.02.2009


-do-

-do-

-do-

 

 

-do-

Retail Payments Organisation

2

National Payments Corporation of India

The Chief Executive Officer, National Payments Corporation of India, C-9, 8th Floor, RBI Premises, Bandra – Kurla Complex, Bandra East, Mumbai–400 051.

i. National Financial Switch (NFS)

ii. Immediate Payment System (IMPS)

iii. Affiliation of RuPay Cards (debit cards/ prepaid cards) issued by banks and co-branded credit cards issued by non-banking financial companies (NBFCs) or any other entity approved by the RBI.

iv. National Automatic Clearing House (ACH)

v. Aadhar Enabled Payments System (AEPS)

vi. Operation of Cheque Truncation System

15.10.2009

12.10.2010

12.07.2012

 

23.05.2013


11.01.2011


21.09.2011

Cards Payment Networks

3

American Express Banking Corp., USA

The Chief Executive Officer, American Express Banking Corp., 200 Vesey Street MC 01-39-12 New York, NY USA 10285.

Affiliation of credit cards/ debit cards/ prepaid cards issued by banks and co-branded credit cards issued by non-banking financial companies (NBFCs) or any other entity approved by the Reserve Bank of India.

31.03.2009

4

Diners Club International Ltd., USA

The Chief Executive Officer, Diners Club International Ltd.
2500, Lake Cook Road River woods, Illinois (IL) – 60015, U S A.

Affiliation of credit card issued by banks or any other entity approved by the Reserve Bank of India.

30.06. 2010

5

MasterCard International Incorporated, USA

The Chief Executive Officer, MasterCard International Incorporated,
2000, Purchase Street Purchase
NY 10577-2509,USA.

Affiliation of credit cards/ debit cards/ prepaid cards issued by banks and co-branded credit cards issued by non-banking financial companies (NBFCs) or any other entity approved by the Reserve Bank of India.

31.03.2009

 

National Payments Corporation of India

The Chief Executive Officer, National Payments Corporation of India, C-9, 8th Floor, RBI Premises, Bandra – Kurla Complex, Bandra East, Mumbai–400 051.

Affiliation of RuPay Cards (debit cards/ prepaid cards) issued by banks and co-branded credit cards issued by non-banking financial companies (NBFCs) or any other entity approved by the RBI.

12.07.2012

6

Visa Worldwide Pte.  Limited, Singapore

The President
Visa Worldwide Pte. Limited, 30 Raffles Place, # 10-00 Chevron House Singapore -048622

Affiliation of credit cards/ debit cards/ prepaid cards issued by banks and co-branded credit cards issued by non-banking financial companies (NBFCs) or any other entity approved by the RBI.

31.03.2009

Cross border Money Transfer – in-bound only

7

Bahrain Financing Company, BSC (C)

The Director
Bahrain Financing Company, BSC (c ), Bab AL Bahrain
Building, Bab AL Bahrain Avenue, Government Road, P.O Box 243
Manama, Bahrain

Money Transfer Service – cross border in-bound service (customer to customer)

30.09.2009

8

Buyindiaonline.com Inc., USA

The Chief Executive Officer, Buyindiaonline.com Inc.,100, Bush Street Suite 300, San Francisco -California, 94104, USA.

Money Transfer Service cross border in – bound service (customer to customer only)

18.01.2010
(Valid upto 17.01.2015)

9

Coinstar Money Transfer (Ireland) Limited, Ireland

The Chief Executive Officer, Coinstar Money Transfer (Ireland) Limited, Suite 404, 22/23, Pembroke Street
Dublin 2, Republic of Ireland.

Money Transfer Service – cross border in-bound service (customer to customer)

30.09.2009
(Valid upto 30.04.2011)
Operations ceased w.e.f. May 01, 2011 till further notice

10

Globle Foreign Exchange Inc., Canada

The President
Globle Foreign Exchange Inc, 420 Britannia Road East, Suite 200, Mississauga, ON L4Z 3L5 Canada

Money Transfer Service – cross border in-bound service (customer to customer)

30.09.2009
(Valid upto 29.09.2018)

11

MoneyGram Payment Systems Inc, USA.

The President &
Chief Executive Officer,
1550 Utica Avenue South, Minneapolis, Minnesota 55416, U.S.A.

Money Transfer Service – cross border in-bound service (customer to customer)

25.05.2009
(Valid upto 24.05.2014)

12

Royal Exchange (USA) Inc., USA

The President, Royal Exchange (USA) Inc., 1155, Green Street, ISELIN, New Jersey- 08830, USA.

Money Transfer Service – cross border in bound service (customer to customer)

30.09.2009
(Valid upto 30.06.2015)

13

UAE Exchange Centre LLC, UAE

The Managing Director & CEO, UAE Exchange Centre LLC, P.O No. 13304, Building of Nassar Bin Abdul Latiff Naïf Street Deira, Dubai, U A E

Money Transfer Service – cross border in bound service (customer to customer)

30.09.2009

14

Wall Street Exchange Centre LLC, UAE

The Group Managing Director, Wall Street Exchange Centre LLC, Central Office Building,AI Sabhkha, Naif Road P.O Box 3014, Deira, Dubai UAE.

Money Transfer Service – cross border in-bound service (customer to customer)

30.09.2009

15

Western Union Financial Services Incorporated, USA

The Chief Executive Officer,
Western Union Financial Services Inc, USA, Western Union Financial Services Incorporated, 12500, East Belford Avenue, MSM23B7, Englewood,
Colorado–80112, U S A

Money Transfer Service – cross border in-bound service (customer to customer)

31.03.2009

ATM Networks

16

Bank of India

The Chairman & Managing Director
Bank of India, Star House C-5 ‘G’ Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051.

‘BANCS’ – ATM network

12.08.2009

17

Federal Bank Ltd.

Managing Director & CEO,
Federal Bank Ltd.
Corporate Office
Federal Towers
Post Box No. 103
Aluva - 683101
Kerala.

ATM sharing with co-operative banks licensed by Reserve Bank under the BR Act, 1949 (AACS)

30.09.2010

18

Euronet Services India Private Limited

The Managing Director,
Euronet Services India Private Limited, 2nd Floor, Marwah House, Krishanlal Marwah Marg, Andheri (E)
Mumbai – 400 072.

CASHNET – ATM Network

25.05.2009

 

National Payments Corporation of India

The Chief Executive Officer, National Payments Corporation of India, C-9, 8th Floor, RBI Premises, Bandra – Kurla Complex, Bandra East, Mumbai–400 051.

National Financial Switch (NFS)

15.10.2009

19

Punjab National Bank

The Chairman & Managing Director,
Punjab National Bank, 7, Bhikaji Cama Place New Delhi 110049.

Bilateral ATM sharing arrangement with Everest Bank of Nepal

05.04.2010

20

State Bank of India

The Chairman
State Bank of India
Corporate Centre,
Madam Cama Road
Mumbai 400 021.

i. State Bank Group Payment
ii. State Bank Group ATM network
iii. Agency Clearing System for State Bank Group

12.08.2009

21

The Shamrao Vithal Co-operative Bank Ltd.

The Chief Executive Officer; The Shamrao Vithal Co-operative Bank Ltd.; SVC Tower, Jawaharlal Nehru Road Vakola–Santacruz (East), Mumbai – 400 055.

SVC Cache 24 Insta ATM Sharing Arrangement

30.06. 2010

Pre-paid Payment Instruments

22

Airtel M Commerce Services Ltd.

The Chief Executive Officer; Airtel M Commerce Services Ltd. Airtel Center, Plot No. 16, 6th Floor, Udyog Vihar, Phase -4, Gurgaon Haryana – 122001.

Pre-paid payment instruments known as Stored Value Card Wallet (SCW)

30.06. 2010                  (Valid upto 29.06.2015)

23

Atom Technologies Limited

The Chief Executive Officer; Atom Technologies Limited, 4th Floor FT Towers, CTS 256 & 257, Suren Road, Chakala, Andheri (E),Mumbai-400093.

Pre-paid payment instruments

30.06. 2010                  (Valid upto 30.06.2014)

24

Citrus Payment Solutions Pvt. Ltd.

The Chief Executive Officer, Citrus Payment solutions Pvt. Ltd., 302, Swati Building, North Avenue Road, Off Linking Road, santa Cruz West, Mumbai 400 054

Pre-paid payment instruments known as ‘Citrus Virtual Wallet’

18.10.2013                   (Valid upto 18.10.2018)

25

DigitSecure India Private Limited

The Chief Executive Officer, DigitSecure India Private Limited, Plot No: 1303 and 1304, 4th Floor, Khanamet, Hitech City, Ayappa Society, Madhapur, Hyderabad - 500 081.

Pre-paid payment instruments known as ‘HotRemit'

23.07.2012
(Valid upto 22.07.2014)

26

Edenred (India) Private Limited – nee Accor Services Pvt. Ltd.

The Managing Director & Chief Executive Officer, Edenred (India) Private Ltd; Camera House, Majiwade Village Road Majiwade, Thane (W) 400 601.

Meal vouchers and gift vouchers in the form of 'paper vouchers'

29.10.2009
(Valid upto 31.10.2014)

27

GI Technology Private Limited

The Director,
GI Technology Private Limited, C-9, Thiru-Vi-Ka Industrial Estate- Guindy,
Chennai – 600 032

Pre-paid payment instruments known as 'I Cash Card (ICC)'

29.10.2009
(Valid upto 31.10.2018)

28

Idea Mobile Commerce Services Ltd.

The Chief Executive officer, Idea Mobile Commerce Services Ltd., 5th Floor, “Windsor”, Off C.S.T. Road, Kalina, Santacruz (East), Mumbai 400 098

Pre-paid payment instruments

25.11.2013
(Valid upto 24.11.2018)

29

Itz Cash Card Ltd.

The Chief Executive Officer,
Itz Cash Card Limited, Top 14th floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Pre-paid payment instruments

25.08.2009
(Valid upto 24.08.2015)

30

MMP Mobi Wallet Payment Systems Limited

The Chief Executive Officer,
MMP Mobi Wallet Payment Systems Ltd.; A, E& F Blocks Voltas Premises, T B Kadam Marg, Chinchpokli,
Mumbai 400 033

Pre-paid payment instruments known as ‘mRupee’

30.12.2011
(Valid upto 31.12.2015)

31

Mobile Commerce Solutions Limited

The Chief Executive Officer,
Mobile Commerce Solutions Limited, Peninsula Corporate Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai 400 013

Pre-paid payment instruments

08.11.2012
(Valid upto 07.11.2014)

32

Muthoot Vehicle & Asset Finance Ltd.

The Managing Director,
Muthoot Vehicle & Asset Finance Ltd.
1st Floor, Cochin Dental Clinic Bldg. Market Road, Towards Kombara,
Kochi 682 014

Pre-paid payment instruments only

29.10.2009
(Valid upto 31.12.2018)

33

My Mobile Payments Limited

The Chief Executive Officer, My Mobile Payments Limited, 7th Floor, MET Complex, Opp. Lilavati Hospital, Bandra – West, Mumbai 400 050

Pre-paid payment instruments known as ‘Money-on-Mobile'

24.10.2011
(Valid upto 31.10.2018)

34

One97 Communications Ltd.

The Chief Executive Officer, One97 Communications Ltd., B- 121, Sector 5, Noida, 201 301      Uttar Pradesh

Mobile based Pre-paid payment instruments (M- Wallet)

07.08.2013                   (Valid upto 06.08.2018)

35

One Mobikwik Systems Private Limited

The Chief Executive Officer, One Mobikwik Systems Pvt. Limited, 758, 1st Floor, Udyog Vihar, Phase - V, Gurgaon-122 016
Haryana

Prepaid Payment Instruments known as ‘Mobikwik Wallet’

18.07. 2013
(Valid upto 17.07.2018)

36

Oxigen Services (India) Pvt. Ltd.

The Group President,
Oxigen Services (India) Pvt. Ltd.; 257, Udyog Vihar, Phase-1, Gurgaon 122 016 Haryana.

Pre-paid payment instruments known as 'Oxigen Wallets'

18.01.2010
(Valid upto 31.12.2018)

37

PayMate India Pvt. Limited

The Managing Director and CEO
PayMate India Pvt. Limited, 111, 1st Floor, A- Wing, Sundervilla, SV Road, Santacruz (W), Mumbai 400 054

Pre-paid payment instruments known as “Paymate Wallet”

28.04. 2010
(Valid upto 27.04.2014)

38

Pay Point India Network Private Limited

The Chief Executive Officer, Pay Point India Network Private Limited, 2nd floor, Sushil Building, Kamala Nehru Compound, Cross Road No. 1, Kandivali (W) Mumbai 400 067

Pre-paid payment instruments known as ' Pay Pointz '

03.04.2012
(Valid upto 02.04.2014)

39

Pyro Telecommunications Ltd.

The Chief Executive Officer,  Pyro Telecommunications Ltd., 8-2-293/82, Plot No. 264/A-31, Road # 92, Jubilee Hills, Hyderabad-500033 Andhra Pradesh

Pre-paid payment instruments

30.01.2014
(Valid upto 31.03.2019)

40

QwikCilver Solutions Pvt. Ltd.

The Chief Executive Officer, QwikCilver Solutions Pvt. Ltd., #104, 1st Main, Vijay Jatti Building, 3rd Floor, 5th Block, Kormangla Industrial Estate,           Bangalore 560095.

Pre-paid payment instruments

06.08.2013
(Valid upto 05.08.2018)

41

Reliance Payment Solution Limited

The Chief Executive Officer, Reliance Payment Solution Limited, 5th Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai 400 002

Pre-paid payment instruments known as ‘Jio Money’

18.09.2013                   (Valid upto 17.09.2018)

42

Smart Payment Solutions Pvt. Ltd.

The Chief Executive Officer, Smart Payment Solutions Pvt. Ltd.
6/35, WEA Karol Bagh, New Delhi 110 005.

Pre-paid payment instruments known as 'PayCash'

30.06.2010                   (Valid upto 31.12.2018)

43

Sodexo SVC India Pvt. Ltd

The Chief Executive Officer, Sodexo SVC India Pvt. Ltd., Nesco Complex, Gate No. 3, Indabrator Building, Western Express Highway Goregaon (East); Mumbai 400063.

Meal vouchers and gift vouchers in the form of 'paper based vouchers' and 'Smartcard' or 'Smart Meal Card'

25.08.2009

44

Tech Mahindra Limited

The Chief Executive Officer, Tech Mahindra Limited, A- 20,   Sector 60,
Noida 201 301

Pre-paid payment instruments (m-wallet) known as ‘MoboMoney’

19.09.2013                   (Valid upto 18.09.2018)

45

Transaction Analysts (India) Private Ltd.

The Chief Executive Officer, Transaction Analysts (India) Private Limited, 59,  3rd Cross, 17th Main, BTM Layout, Bangalore 560 068

Pre-paid payment instruments

07.03.2014                   (Valid upto 31.03.2019)

46

UAE Exchange & Financial Services Ltd.

The Country Head- India, UAE Exchange & Financial Services Ltd., Third Floor, Airline Building Opp. Maharaja college Ground, M G Road, Kochi 682 011.

Pre-paid payment instruments known as 'Silver Card' and 'Gold Card'

29.10.2009
(Valid upto 31.10.2014)

47

UTI Infrastructure Technology and Services Ltd.

The Chief Executive Officer, UTI Tower, Plot No. 3, Sector 11, CBD Belapur, Navi Mumbai-400 614

Pre-paid payment instruments known as National Common Mobility Card (NCMC)

21.03.2014                   (Valid upto 31.03.2019)

48

Y-Cash Software Solutions Private Limited

The Chief Executive Officer, Y-Cash Software Solutions Private Limited, VGR Essor, 3rd Floor, No 1140, 17th Cross, 7th Sector, H.S.R. Layout, Bangalore 560 102 Karnataka

Pre-paid payment instruments known as ‘Y-PayCash’

15.03.2012
(Valid upto 14.03.2016)

49

ZipCash Card Services Pvt. Ltd.

The Director,
ZipCash Card Services Pvt. Ltd.,
25E/4 Model Town
Bal Rajeshwar,Road
Mulund (West)
Mumbai 400 080.

Pre-paid payment instruments known as 'ZipCash Coupons'

29.10.2009
(Valid upto 31.10.2018)

White Label ATM Operators

50

BTI Payments Pvt. Ltd.

The Chief Executive Officer, BTI Payments Pvt. Ltd. No 16/1,
4th Floor, Wings Cambridge Road, Halasaru,
Bangalore-560 008

Installation and operation of WLAs

12.02.2014
(Valid upto 31.03.2019)

51

Muthoot Finance Ltd.

The Managing Director, Muthoot Finance Ltd. 2nd Floor, Muthoot Chambers, Banerji Road, Kochi-682018, Kerala

Installation and operation of WLAs

30.01.2014
(Valid upto 31.03.2019)

52

Prizm Payment Services Pvt. Ltd.

The Managing Director, Prizm Payment Services Pvt. Ltd., 3rd Floor, Silver Metropolis, Jai Coach Compound, Western Express Highway, Goregaon East, Mumbai 400 063.

Installation and operation of WLAs

25.11.2013
(Valid upto 31.12.2018)

53

SREI Infrastructure Finance Ltd.,

The Chief Executive Officer, Srei Infrastructure Finance Ltd., Vishwakarma, 86C Topsia Road (South) Kolkata- 700046

Installation and operation of WLAs

25.03.2014
(Valid upto 31.03.2019)

54

Tata Communications Payment Solutions Ltd.

The Chief Executive Officer;
Tata Communications Payment Solutions Limited; Plot No. C- 21, B Block, Bandra Complex, Bandra East, Mumbai- 400098.

Installation and operation of WLAs

03.05.2013
(Valid upto 30.06.2018)

55

Vakrangee Limited

The Managing Director, Vakrangee Limited, Vakrangee House, Plot No 66, Marol Co-op Industrial Estate, Off M.V.Road, Marol, Andheri (East)
Mumbai-400 059

Installation and operation of WLAs

23.01.2014
(Valid upto 31.03.2019)

B. Certificates of Authorisation Revoked by the Reserve Bank of India in exercise of the powers conferred under the Payment and Settlement Systems Act, 2007:

Position as on March 31, 2014

Sr.
No.

Name of the
Entity

Address of the Principal Office

Payment System operated

Dates of Revocation (Date of Authorisation given in brackets)

1.

Kaizen Automation Private Limited

The Director,
Kaizen Automation Private Limited,
B-601-602, Citi Point, Andheri Kurla Road, J. B. Nagar, Near Kohi-noor Continental Andheri (East),
Mumbai - 400 059

Issuance of pre-paid cards known as 'Go-Mumbai'

Revocation order issued on 05.04.2011
(25.08.2009)

C. Authorised entities under winding down process – Position as on March 31, 2014

Sr. No.

Name of the
Entity

Address of the Principal Office

Payment System operated

Dates of
Revocation
(Date of Authorisation given in brackets)

1.

Beam Money Private Limited nee Suvidha Starnet Pvt. Ltd.

The Chairman &
Managing Director, Beam Money Private Limited, D-128-129, 402 Terrace Floor, Okhla Industrial Area, Phase-I, New Delhi -110 020.

Pre-paid payment instruments known as 'Beam Money’

Winding down of business under process since June, 2013

 2.

Done Card Utility Limited

The Director,
Done Card Utility Limited, 301, Linkway Estate, Near Chincholi Fire Station, New Link Road, Malad (West), Mumbai - 400064.

Pre-paid payment instruments known as 'Done Cards'

Winding down of business under process since October, 2013

 3.

OSS Payment Solutions Pvt. Ltd.

The Chief Executive Officer, OSS Payment Solutions Pvt. Ltd.-103, 4th Floor, Aditya Industrial Estate, Behind Chincholi Fire Station, Near Evershine Mall, New Link Road, Malad (W) Mumbai 400 064.

Pre-paid payment instruments

Winding down of business under process since December, 2013

 
 
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