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: | 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 Corporation of India Ltd.,
CCIL Bhavan, S K Bole Road,
Dadar (West), Mumbai -400 028 | i. Securities segment covering Govt Securities;
ii. 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;
iii. 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 (NPCI)* | The Chief Executive Officer,
National Payments Corporation of India,
1001A, B wing, 10th Floor,
The Capital, Bandra – Kurla Complex,
Bandra (East), Mumbai–400 051. | i. National Financial Switch (NFS)
ii. Immediate Payment Service (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 (NACH)
v. Aadhar Enabled Payments System (AEPS)
vi. Operation of Cheque Truncation System
vii. Unified Payments Interface
viii. National Electronic Toll Collection (NETC) | 15.10.2009
12.10.2010
12.07.2012
23.05.2013
11.01.2011
21.09.2011
24.08.2016
11.02.2019 | | *All approvals related to international activities given to NPCI have been transferred to NPCI International Payments Limited (NIPL), a wholly owned subsidiary of NPCI, with effect from August 10, 2020 | | 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 Asia/ Pacific Pte. Ltd., Singapore (Earlier MasterCard International Incorporated, USA was performing this activity) | The Chief Executive Officer,
Mastercard Asia/ Pacific Pte. Ltd,
3 Fraser Street, DUO Tower, #17-21/28,
Singapore 189352 | 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. | 01.12.2014 | | | National Payments Corporation of India | The Chief Executive Officer,
National Payments Corporation of India,
1001A, B wing, 10th Floor,
The Capital, 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 (Earlier Visa International Service Association, USA was performing this activity) | The President Visa Worldwide Pte. Limited,
71, Robinson Road, #08-01, Singapore (068895). | 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. | 01.04.2010 | | 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 (MTSS)– cross border in-bound service (customer to customer) known as “EzRemit” | 30.09.2009 | | 8. | Continental Exchange Solutions Inc, USA | The Chief Executive Officer,
6565, Knott Avenue, Buena Park,
California, 90620- USA | MTSS- cross border in-bound service (customer to customer) known as “Ria Money Transfer” | 28.04.2014
(Valid upto 31.03.2024) | | 9. | Fast Encash Money Transfer Services Ltd. | The Chief Executive Officer,
144, High Street North, London E6 2HT | MTSS- cross border in-bound service (customer to customer) | 03.04.2017
(Valid upto 31.03.2023) | | 10. | Mastercard Transaction Services (Canada) Inc.(formerly Transfast Inc., Canada and Global Foreign Exchange Inc.) | The President, Transfast Inc., 600-121, Bloor ST East, Toronto, ON, Canada, M4W 3M5 | MTSS- cross border in-bound service (customer to customer) known as “Transfast” | 30.09.2009
(Valid upto 30.09.2023) | | 11. | MoneyGram Payment Systems Inc, USA. | The President & Chief Executive Officer,
1550 Utica Avenue South, Minneapolis,
Minnesota 55416, U.S.A. | MTSS- cross border in-bound service (customer to customer) known as “MoneyGram or MoneyGram International” | 25.05.2009
(Valid upto 31.05.2023) | | 12. | Muthoot Finserve USA Inc. {formerly Royal Exchange (USA) Inc.} | The President,
Muthoot Finserve USA Inc.
1155, Green Street
Iselin, NJ 08830 U.S.A. | MTSS- cross border in-bound service (customer to customer) | 30.09.2009
| | 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 | MTSS- cross border in-bound service (customer to customer) known as “Xpress Money” | 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. | MTSS- cross border in-bound service (customer to customer) known as “Instant Cash” | 30.09.2009 | | 15. | Western Union Financial Services Incorporated, USA | The Chief Executive Officer,
Western Union Financial Services Incorporated,
7001E, Belleview Avenue, Englewood, CO 80237. | MTSS- cross border in-bound service (customer to customer) known as “Western Union or WU” | 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. | 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 | | 18. | 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 | | 19. | State Bank of India | The Chairman, State Bank of India, Corporate Centre,
1st Floor, ‘C’ Wing, Mittal Towers, Nariman Point, Mumbai 400 021. | State Bank Group ATM network
| 12.08.2009 | | Prepaid Payment Instruments | | 20. | Amazon Pay (India) Private Limited
(formerly Amazon Online Distribution Services Private Limited) | The Chief Executive Officer,
Amazon Pay (India) Private Limited,
#26/1, Brigade Gateway,
World Trade Centre, 8th floor,
Dr. Rajkumar Road, Malleswaram (West),
Bangalore – 560 055 | Prepaid Payment Instruments known as “Amazon Pay balance: Money” | 22.03.2017 | | 21. | Appnit Technologies Private Limited | The Chief Executive Officer, Appnit Technologies Private Limited, 403, 4th Floor, Tower A, Logix Technova Centre, Sector 32, Noida, Uttar Pradesh – 201 301 | Prepaid Payment Instruments | 22.03.2017
(Valid Upto 31.03.2023) | | 22. | Bajaj Finance Limited | The Chief Executive Officer, Bajaj Finance Limited, Mumbai Pune Road, Akurdi, Pune – 411 035 | Prepaid Payment Instruments | 04.05.2021 | | 23. | Balancehero India Private Limited | The Chief Executive Officer, Balancehero India Private Limited, Office No – 121, 2nd Floor, Sector 44, Gurugram, Haryana - 122003 | Prepaid Payment Instruments | 18.07.2017
| | 24. | Delhi Metro Rail Corporation Limited | The Chief Executive Officer, Delhi Metro Rail Corporation Limited, Metro Bhawan, Fire Brigade Lane, Barakhamba Road, New Delhi - 110001 | Prepaid Payment Instruments for Mass Transit Systems | 20.02.2017 | | 25. | E-Meditek Global Private Limited | The Chief Executive Officer, E-Meditek Global Private Limited, 205A, 2nd Floor, NDM-2, Plot No. D1,2,3 Netaji Subhash Place District Center, Pitam Pura, Delhi - 110034 | Prepaid Payment Instruments | 07.10.2016
(Valid upto 31.12.2022) | | 26. | Eroute Technologies Private Limited | The Chief Executive Officer, Eroute Technologies Private Limited, Technopolis IT Hub, 8th Floor, C56 A/12, Sector 62, Noida, Gautam Buddha Nagar, Uttar Pradesh – 201 301 | Prepaid Payment Instruments | 10.05.2021 | | | Euronet Services India Private Limited | I-Think Techno Campus, Office No. 1, 8th Floor, Wing A, Off Pokhran Road No. 2, Behind TCS, Eastern Express Highway, Thane (W) - 400607 | Prepaid Payment Instruments | 03.08.2021 | | 27. | Hip Bar Private Limited | The Chief Executive Officer, Hip Bar Private Limited, #7, Kamaraj Avenue, 1st Street, Adyar Chennai - 600020 | Prepaid Payment Instruments | 22.08.2016 | | 28. | India Transact Services Limited | The Chief Executive Officer,
India Transact Services Limited,
14th Floor, Tower 3, Indiabulls Finance Center,
S. B. Marg Elphinstone Road (W) Mumbai 400 013 | Prepaid Payment Instruments known as ‘Ongo’ | 30.05.2014 | | 29. | Ebix Payment Services Private Limited (formerly Itz Cash Card Private Limited) | The Chief Executive Officer,
Ebix Payment Services Private Limited
2nd Floor, Manek Plaza,
Kalina CST Road, Kolekalyan,
Santacruz (East),
Mumbai – 400 098 | Prepaid Payment Instruments known as ‘EBIXCASH’ | 25.08.2009
(Valid upto 30.11.2025) | | 30. | LivQuik Technology (India) Private Limited | The Chief Executive Officer,
LivQuik Technology (India) Private Limited,
Unit No.206, B Wing, Supreme Business Park,
Hiranandani Garden, Powai, Mumbai 400076 | Prepaid Payment Instruments | 08.08.2016
(Valid upto 30.09.2023) | | 31. | Manappuram Finance Limited | The Chief Executive Officer, Manappuram Finance Limited, Manappuram House, P.O. Valappad, Thrissur, Kerala - 680 567 | Prepaid Payment Instruments | 08.02.2017
(Valid upto 31.03.2023) | | 32. | Mpurse Services Pvt. Ltd. | The Chief Executive Officer,
Mpurse Services Pvt. Ltd.,
Plot-2A, 1st Floor, KH No. 294,
Kehar Singh State, Saidulajb Village,
Lane No.2, Saket, New Delhi-110030 | Prepaid Payment Instruments known as ‘mpurse wallet’ | 30.06.2014
(Valid upto 30.06.2023) | | 33. | Nucleus Software Exports Limited | The Chief Executive Officer, Nucleus Software Exports Limited, 33-35, Thyagraj Market, New Delhi – 110 003 | Prepaid Payment Instruments known as ‘PaySe’ | 22.03.2017
(Valid upto 31.03.2023) | | 34. | Obopay Mobile Technology India Private Limited | The Chief Executive Officer, Obopay Mobile Technology India Private Limited, No. 201, 2nd Floor, Touchdown, No. 1&2, HAL Industrial Area, Bangalore - 560037 | Prepaid Payment Instruments | 17.10.2017
(Valid up to 31.12.2022) | | 35. | Ola Financial Services Pvt. Ltd.
(formerly ZipCash Card Services Private Limited) | The Director,
Ola Financial Services Pvt. Ltd.,
323, Corporate Centre, Nirmal Lifestyle,
LBS Marg, Mulund (West) Mumbai 400 080 | Prepaid Payment Instruments known as 'Ola Money Wallet' | 29.10.2009
(Valid upto 31.10.2023) | | 36. | One Mobikwik Systems Limited | The Chief Executive Officer, One Mobikwik Systems Limited, 5th Floor, Huda City Centre Metro Station, Sector 29, Gurgaon, Haryana - 120001 | Prepaid Payment Instruments known as ‘Mobikwik Wallet’ | 18.07.2013
(Valid upto 30.09.2023) | | 37. | Paul Merchants Finance Private Limited (formerly Paul Fincap Pvt. Ltd.) | The Chief Executive Officer,
Paul Merchants Finance Private Limited, Ground Floor
SCO 829-830, Sector 22-A, Chandigarh 160 022 | Prepaid Payment Instruments known as ‘Paul Pay’ | 04.06.2015
(Valid upto 30.06.2025) | | 38. | PayU Payments Private Limited | The Chief Executive Officer,
PayU Payments Private Limited, 801, 8th Floor, Empressa Building, 2nd Road, Khar West, Mumbai - 400052 | Prepaid Payment Instruments | 25.07.2016 | | 39. | Pay Point India Network Private Limited | The Chief Executive Officer,
Pay Point India Network Private Limited,
108-109, B-Wing, Everest Grande,
Opp. Ahura Centre, Mahakali Road,
Andheri (East), Mumbai 400093 | Prepaid Payment Instruments known as 'Pay Pointz' | 03.04.2012 | | 40. | Phonepe Private Limited (formerly FX Mart Pvt. Ltd.) | The Chief Executive Officer,
Phonepe Private Limited, Unit No.001, Ground Floor, Boston House, Suren Road, Off. Andheri-Kurla Road, Andheri (East) Mumbai, 400 093 | Prepaid Payment Instruments known as ‘PhonePe’ | 25.08.2014
(Valid upto 31.08.2023) | | 41. | Pine Labs Private Limited | The Chief Executive Officer, Unitech Infospace, 2nd and 3rd Floor, Building – 2, Plot No. B2, Sector – 62, Noida – 201301 | Prepaid Payment Instruments | 10.03.2017
| | 42. | Premium eBusiness Ventures Private Limited | The Chief Executive Officer,
Premium eBusiness Ventures Private Limited,
42, Navketan Industrial Estate,
Mahakali Caves Road,
Andheri (East) Mumbai 400 093 | Prepaid Payment Instruments | 18.12.2014
| | 43. | QwikCilver Solutions Pvt. Ltd. | The Chief Executive Officer,
QwikCilver Solutions Pvt. Ltd.,
No.111, 1st Floor, ‘Brigade Manae Court’, Industrial Layout, Koramangala, 5th Block, Bangalore – 560 095 | Prepaid Payment Instruments, Co-branded gift card known as ‘Issued by QwikCilver’ | 06.08.2013
(Valid upto 30.09.2023) | | 44. | RapiPay Fintech Private Limited
(formerly Virgosoft IT Services Private Limited) | The Chief Executive Officer,
RapiPay Fintech Pvt. Ltd., 2nd Floor, DLF Centre,
Sansad Marg, New Delhi – 110001. | Prepaid Payment Instruments | 27.02.2017
(Valid upto 31.03.2023) | | 45. | Razorpay Technologies Private Limited | The Chief Executive Officer, Razorpay Technologies Private Limited, 1st Floor, SJR Cyber 22, Laskar Hosur Road, Adugodi, Bengaluru - 560030 | Prepaid Payment Instruments | 25.10.2021 | | 46. | Smart Payment Solutions Pvt. Ltd. | The Chief Executive Officer,
Smart Payment Solutions Pvt. Ltd.
138, 4th Floor, Udyog Vihar, Phase I, Gurgaon, Haryana - 122016. | Prepaid Payment Instruments known as ‘Payworld Money’ | 30.06.2010 | | 47. | 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. | Prepaid Payment Instruments | 25.08.2009 | | 48. | Spice Money Limited | The Chief Executive Officer,
Spice Money Limited, 19A & 19B,
4th Floor, Global Knowledge Park,
Sector 125, Noida – 201301 | Prepaid Payment Instruments | 09.04.2015
(Valid up to 30.06.2023) | | 49. | Transaction Analysts (India) Private Ltd. | The Chief Executive Officer,
Transaction Analysts (India) Private Limited,
D No 4, Sathyam Arcade, 1st Floor, 1st Phase, 100 Feet Road, BTM Layout 2nd Stage,
Bangalore 560 076 | Prepaid Payment Instruments known as ‘Transaction Assured’ | 07.03.2014
| | 50. | Transcorp International Limited | The Chief Executive Officer,
Transcorp International Limited, Plot No 3, HAF Pocket, Sector 18A, Phase II, Dwarka, New Delhi. | Prepaid Payment Instruments | 26.08.2016 | | 51. | Transerv Limited | The Chief Executive Officer,
Transerv Limited, 1002-B, 10th Floor,
Tower 1, Indiabulls Finance Centre,
Senapati Bapat Marg, Elphinstone Road (W),
Mumbai – 400 013 | Prepaid Payment Instruments known as ‘dhani pay’ | 22.02.2016 | | 52. | Tri O Tech Solutions Private Ltd. | The Chief Executive Officer, Tri O Tech Solutions Private Limited,
5th Floor, Punj Essen House, 17-18, Nehru Place, New Delhi - 110019 | Prepaid Payment Instruments | 18.01.2017
| | 53. | Unimoni Financial Services Limited (formerly 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. | Prepaid Payment Instruments m-wallet known as ‘Unimoni’ | 29.10.2009
(Valid upto 31.10.2023) | | 54. | Uniorbit Payment Solutions Limited (formerly Weizmann Impex Service Enterprise Limited) | The Chief Executive Officer,
Uniorbit Payment Solutions Limited, 214,
Empire House (Basement) Dr D N Road,
Ent A K Nayak Marg, Fort, Mumbai – 400 001 | Prepaid Payment Instruments | 11.12.2015 | | White Label ATM Operators | | 55. | India1 Payments Limited (formerly BTI Payments Pvt. Ltd.) | The Chief Executive Officer,
India1 Payments Limited,
Unit No. 801 to 810, 8th Floor, Tower “B”, Diamond District, #150, Old Airport Road, Bengaluru - 560008 | Installation and operation of WLAs | 12.02.2014
| | 56. | Hitachi Payment Services Pvt. Ltd. | The Managing Director,
Hitachi Payment Services Pvt. Ltd.,
3rd Floor, Silver Metropolis,
Jai Coach Compound,
Western Express Highway,
Goregaon East, Mumbai 400 063. | Installation and operation of WLAs
known as ‘Money Spot’ | 25.11.2013
| | 57. | 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 30.06.2023) | | 58. | Vakrangee Limited | The Managing Director, Vakrangee Limited,
Vakrangee House, Plot No 93,
Road No. 16, M.I.D.C Marol,
Andheri (East) Mumbai-400 093 | Installation and operation of WLAs | 23.01.2014
(Valid upto 31.03.2023) | | Instant Money Transfer | | 59. | Boson Systems Private Limited (formerly Empays Payment Systems India Pvt. Ltd.) | The Chief Executive Officer
Boson Systems Private Limited
216 The Empire Business Centre, Empire Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013 | Instant Money Transfer known as ‘IMT’ | 17.11.2014
(Valid upto 15.11.2024) | | Trade Receivables Discounting System (TReDS) | | 60. | A.TREDS Limited | The Managing Director and Chief Executive Officer, 11th Floor, A3, Ashar IT Park, Road No 16Z, Wagle Industrial Estate, Thane(W)- 400 604 | TReDS system known as “INVOICEMART” | 29.06.2017
(Valid up to 30.06.2023) | | 61. | Mynd Solutions Private Limited | The Director
Mynd Solutions Private Limited
–F-83, East of Kailash,
New Delhi – 110 065 | TReDS system known as M1xchange | 20.03.2017
(valid upto 31.03.2023) | | 62. | Receivables Exchange of India Limited (RXIL) | The Managing Director & Chief Executive Officer,
Receivables Exchange of India Limited (RXIL),
701-702, 7th Floor, Supremus – E Wing, I-Think Techno Campus, Kanjurmarg East, Mumbai - 400042 | TReDS system known as RXIL | 17.05.2017
Note: The entity was granted approval to commence operations w.e.f 01.12.2016 | | Bharat Bill Payment System (BBPS) | | Bharat Bill Payment Central Unit (BBPCU) | | 63. | NPCI Bharat BillPay Limited | The Chief Executive Officer,
NPCI Bharat BillPay Limited,
1001A, B wing, 10th Floor,
The Capital, Bandra – Kurla Complex,
Bandra (East), Mumbai–400 051. | Bharat Bill Payment Central Unit (BBPCU) | 26.07.2017
| | Bharat Bill Payment Operating Units (BBPOUs) | | 64. | Infibeam Avenues Limited (formerly Avenues India Private Limited) | The Chief Executive Officer
Infibeam Avenues Limited
28th Floor, GIFT Two Building,
Block No.56, Road-5C, Zone-5
Gandhinagar – 382355. | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 17.10.2017
(Valid up to 31.12.2022) | | 65. | CSC e – Governance Services India Ltd | The Chief Executive Officer
CSC e – Governance Services India Ltd
Electronics Niketan, 4th Floor,
Ministry of Electronics & Information Technology
6 CGO Complex, Lodhi Road
New Delhi - 110003 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 21.09.2017 | | | Euronet Services India Private Limited | The Chief Executive Officer
Euronet Services India Private Limited
I-Think Techno Campus, Office No 1
8th Floor, Wing A, Off Pokhran Road No. 2
Behind TCS, Eastern Express Highway
Thane (W) - 400607 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 05.09.2017 | | 66. | IndiaIdeas.com Limited | The Chief Executive Officer
IndiaIdeas.com Limited
801, Supreme Chambers
17/18 Shah Industrial Estate
Off Veera Desai Road
Andheri (W), Mumbai 400 053 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 02.08.2017
(Valid up to 30.09.2023) | | | Ebix Payment Services Private Limited
(formerly Itz Cash Card Limited) | The Chief Executive Officer,
Ebix Payment Services Private Limited
2nd Floor, Manek Plaza, Kalina CST Road, Kolekalyan, Santacruz (East),
Mumbai – 400 098 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 28.08.2017
(Valid up to 30.09.2023) | | | Spice Money Limited | The Chief Executive Officer,
Spice Money Limited, 19A & 19B,
4th Floor, Global Knowledge Park,
Sector 125, Noida – 201301 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 22.08.2017
| | 67. | Worldline ePayments India Private Limited (formerly Ingenico ePayments India Private Limited and TechProcess Payment Services Limited) | The Chief Executive Officer, Worldline ePayments India Private Limited, 501, Jollyboard Towers, iThink Techno Campus, Kanjurmarg (East) Mumbai 400042 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 16.08.2017 | | | One Mobikwik Systems Private Limited | The Chief Executive Officer, One Mobikwik Systems Private Limited, D-2, 303, Parsvnath Exotica, Golf Course Road, Sector 53, Gurgaon, Haryana - 122002 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 24.01.2019
(Valid up to 31.03.2024) | | | PayU Payments Private Limited | The Chief Executive Officer, PayU Payments Private Limited, 801, 8th Floor, Empressa Building, 2nd Road, Khar (West), Mumbai - 400052 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 17.06.2022 | | | PhonePe Private Limited | The Chief Executive Office, PhonePe Private Limited, 101 Boston House, Suren Road, Near Guru Nanak Petrol Pump, Andheri (East), Mumbai - 400093 | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 03.03.2022 | 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 | 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 Prepaid cards known as 'Go-Mumbai' | Revocation order issued on 05.04.2011
(25.08.2009) | | 2. | Card Pro Solutions Pvt. Ltd. | The Chief Executive Officer,
Card Pro Solutions Pvt. Ltd., 135, A to Z Industrial Estate, G K Marg, Lower Parel, Mumbai 400 013 | Prepaid Payment Instruments | Revocation order issued on 12.02.2020 | | 3. | AGS Transact Technologies Ltd. | The Chairman & Managing Director, AGS Transact Technologies Ltd., 601-602, B-wing, Trade World
Kamala City, Senapati Bapat Marg
Lower Parel (W) Mumbai 400 013 | Installation and operation of WLAs | Revocation order issued on 04.03.2021 | | 4. | RiddiSiddhi Bullions Limited | The Chief Executive Officer,
RiddiSiddhi Bullions Limited - Bullion House,
115, TambaKatta,
Opp. Dagina Bazar, Pydhonie, Mumbai- 400003 | Installation and operation of WLAs | Revocation order issued on 04.03.2021 | | 5. | GI Technology Private Limited | The Director,
GI Technology Private Limited,
No. C-9, 2nd Floor, Left Wing, Thiru Vika Industrial Estate, Guindy, Chennai - 600032 | Prepaid Payment Instruments Card known as 'I Cash' | Revocation order issued on 20.10.2022 | C. Authorised entities whose Payment System operations have ceased | Sr. No. | Name of the Entity | Address of the Principal Office | Payment System operated | Operations ceased from | | 1. | 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) | May 01, 2011 | | 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. | Prepaid payment instruments known as 'Done Cards' | November 01, 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. | Prepaid Payment instruments | January 01, 2014 | | 4. | SREI Infrastructure Finance Ltd. | The Chief Executive Officer,
SREI Infrastructure Finance Ltd.,
Vishwakarma, 86C Topsia Road (South) Kolkata- 700046 | Installation and operation of WLAs | March 31, 2019 | | 5. | Flytech Aviation Limited | The Chief Executive Officer
Flytech Aviation Limited
H.No 1-8-303/33, 3rd floor
Nagam towers, opp. NTR circle
Police lines, Minister Road,
Secunderabad
Telangana – 500 003 | Prepaid Payment Instruments | June 30, 2019 | | 6. | 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 | Prepaid Payment Instruments m-wallet known as ‘Y-Pay Cash’ | September 30, 2019 | | 7. | My Mobile Payments Limited | The Chief Executive Officer,
My Mobile Payments Limited,
MOM House, Plot No. 61, Ramchandra Lane,
Kanchpada, Malad (West),
Mumbai 400064
Maharashtra | Prepaid Payment Instruments known as ‘MOM’ | October 31, 2019 | | 8. | Aircel Smart Money Limited | The Chief Executive Officer,
Aircel Smart Money Limited,
2nd and 5th Floor, Building No 10 A,
DLF Cybercity, DLF Phase 2,
Gurgaon, Haryana | Prepaid Payment Instruments | June 30, 2020 | | 9. | InCashMe Mobile Wallet Services Private Limited | The Chief Executive Officer,
InCashMe Mobile Wallet Services Private Limited,
InCashMeTM House, 5/B Suhasnagar Society,
Behind Income Tax Department,
Ashram Road, Ahmedabad,
Gujarat – 380 009 | Prepaid Payment Instruments | June 30, 2020 | | 10. | Eko India Financial Services Private Limited | The Chief Executive Officer,
Eko India Financial Services Pvt. Ltd.,
3rd Floor, Phase II, Plot No 34,
Institutional Area, Sector 44 Gurgaon 122 003. | Prepaid Payment Instruments | December 31, 2021 | | 11. | 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 | Prepaid Payment Instruments e-wallet known as ‘Muthoot Money’ and m-wallet known as ‘Muthoot wallet’ | December 31, 2021 | D. Entities whose Certificate of Authorisation to operate a Payment System have been cancelled on account of voluntary surrender by the entity | Sr. No. | Name of the Entity | Address of the Principal Office | Payment System operated | Cancelled on | Remarks | | 1. | Federal Bank Ltd. | Managing Director & CEO, Federal Bank Ltd. Corporate Office Federal Towers Post Box No. 103 Aluva – 68310, Kerala | ATM sharing with co-operative banks licensed by Reserve Bank under the BR Act, 1949 (AACS) | January 02, 2017 | Nil | | 2. | UTI Infrastructure Technology and Services Ltd. | The Chief Executive Officer,
UTI Tower, Plot No. 3, Sector 11,
CBD Belapur, Navi Mumbai-400 614 | Prepaid Payment Instruments known as National Common Mobility Card (NCMC) | February 07, 2017 | Nil | | 3. | 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 | Prepaid Payment Instruments known as ‘Citrus Cash’ | April 19, 2017 | Nil | | 4. | 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. | Prepaid payment instruments known as ‘Beam Money’ | May 04, 2017 | Nil | | 5. | Atom Technologies Limited | The Chief Executive Officer;
Atom Technologies Limited, 4th Floor FT Towers,
CTS 256 & 257, Suren Road,
Chakala, Andheri (E), Mumbai -400093. | Prepaid payment instruments known as ‘Atom Wallet’ and ‘Aquapay’ | July 4, 2017 | Nil | | 6. | Buyindiaonline.com Inc., USA | The Chief Executive Officer,
Buyindiaonline.com Inc.,425,
Market Street, 12th floor, San Francisco, CA, 94105, USA. | MTSS - cross border in-bound service (customer to customer) | July 31, 2017 | Nil | | 7. | 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 | Prepaid payment instruments known as ‘Paymate Wallet’ | August 23, 2017 | Nil | | 8. | Bajaj Finance Limited | The Chief Executive Officer, Bajaj Finance Limited, 4th Floor, Bajaj Finserv Corporate Office, Off. Pune-Ahmednagar Road, Viman Nagar, Pune - 411014 | Prepaid Payment Instruments | February 20, 2018 | The entity reapplied and was granted authorisation for Issuance and Operation of PPIs on May 4, 2021 | | 9. | Freecharge Payment Technologies Private limited (previously Klickpay Payment Services Private Limited) | The Chief Executive Officer,
Freecharge Payment Technologies Private Limited,
362-363, ASF Centre,
Udyog Vihar Phase – IV, Sector - 18,
Gurgaon – 122016, Haryana | Prepaid Payment Instruments | April 10, 2018 | Nil | | 10. | Yeldi Softcom Private Limited | The Chief Executive Officer, Yeldi Softcom Private Limited, AJ-227 (Old No AJ-08), Shanthi Colony Main Road, Anna Nagar, Chennai - 600040 | Prepaid Payment Instruments | May 15, 2018 | Nil | | 11. | 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 | April 10, 2018 | Nil | | 12. | Tech Mahindra Limited
(Earlier CanvasM Technologies Ltd. was performing this activity) | The Chief Executive Officer,
Tech Mahindra Limited, A- 20,
Sector 60, Noida 201 301 | Prepaid Payment Instruments (m-wallet) known as ‘MoboMoney’ | August 28, 2018 | Nil | | 13. | Tata Tele NXTGEN Solutions Limited
(earlier MMP Mobi Wallet Payment Systems Limited) | The Chief Executive Officer,
Tata Tele NXTGEN Solutions Ltd.,
10th Floor, Jeevan Bharati, 124, Connaught Circus,
New Delhi – 110001 | Prepaid Payment Instruments known as ‘mRupee’ | November 14, 2018 | Nil | | 14. | Pyro Networks Pvt. 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 | Prepaid Payment Instruments m-wallet known as ‘SpeedPay’ | March 30, 2019 | Nil | | 15. | Supreme Securities Limited | The Chief Executive Officer,
Supreme Securities Limited, 3rd Floor, R.D.Chambers, 16/11, Arya Samaj Road, Karol Bagh, New Delhi | Prepaid Payment Instruments | August 02, 2019 | Nil | | 16. | Vodafone m-pesa Limited
(Earlier Mobile Commerce Solutions Ltd. was performing this activity) | The Chief Executive Officer,
Vodafone m-pesa Limited,
10th Floor, Birla Centurion, Century Mills Compound, Pandurang Budhkar Marg, Worli Mumbai - 400030 Maharashtra | Prepaid Payment Instruments known as ‘Vodafone M-pesa’ | September 30, 2019 | Nil | | 17. | Delhi Integrated Multi- Modal Transit System Limited | The Chief Executive Officer,
Delhi Integrated Multi-Modal Transit System Limited,
1st floor, Maharana Pratap ISBT Building,
Kashmere Gate, Delhi – 110 006 | Prepaid Payment Instruments | July 10, 2020 | Customers or merchants having a valid claim, if any, on Delhi Integrated Multi-Modal Transit System Limited, as a PSO, can approach the company for settlement of their respective claims within three years from the date of this cancellation i.e. upto 10.07.2023 | | 18. | 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. | Prepaid Payment Instruments e-wallet known as ‘HotRemit' | September 30, 2020 | Customers or merchants having a valid claim, if any, on DigitSecure India Private Limited, as a PSO, can approach the company for settlement of their respective claims within three years from the date of this cancellation i.e. upto 30.09.2023 | | 19. | Kedia Infotech Ltd. | The Chief Executive Officer
Kedia Infotech Ltd.
518, 5th Floor Swapnalok Complex S D Road Secunderabad 500 003 | Prepaid Payment Instruments known as ‘Etran Wallet’ | September 30, 2020 | Customers or merchants having a valid claim, if any, on Kedia Infotech Ltd., as a PSO, can approach the company for settlement of their respective claims within three years from the date of this cancellation i.e. upto 30.09.2023 | | 20. | Muthoot Finance Ltd. | The Managing Director,
Muthoot Finance Ltd. 2nd Floor,
Muthoot Chambers, Banerji Road, Kochi-682018, Kerala | Installation and operation of WLAs | September 30, 2020 | Nil | | 21. | Oxigen Services (India) Private Limited | The Chief Executive Officer, Oxigen Services (India) Private Limited, 36, 2nd Floor, Gola Market, Behind Golcha Cinema, Daryaganj, New Delhi, Central Delhi, DL 110002 IN | Prepaid Payment Instruments known as ‘Oxigen Wallets’ | December 31, 2020 | Customers or merchants having a valid claim, if any, on Oxigen Services (India) Private Limited, as a PSO, can approach the company for settlement of their respective claims within three years from the date of this cancellation i.e.upto 31.12.2023 | | 22. | Edenred (India) Private Limited – nee Accor Services Pvt. Ltd. | The Managing Director & Chief Executive Officer, Edenred (India) Private Ltd;
Kalpataru Prime, Unit 3 & 4, Level 4, Road No. 16, Wagale Industrial Estate, Thane (West) – 400 604 | Meal and gift paper vouchers, meal and cafeteria cards, gift cards. The products are mainly under the brand name ‘Ticket/Ticket Restaurant/Ticket Compliments’ | April 30, 2021 | Customers or merchants having a valid claim, if any, on Edenred (India) Private Limited, as a PSO, can approach the company for settlement of their respective claims within three years from the date of this cancellation i.e.upto 30.04.2024 | E. Entities whose Certificate of Authorisation to operate a Payment System have been cancelled as per regulatory requirement | Sr. No. | Name of the Entity | Address of the Principal Office | Payment System operated | Cancelled on | Remarks | | 1. | 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. | Prepaid payment instruments known as Stored Value Card Wallet (SCW) ‘Airtel Money’ | 8.3.2017 | The entity has converted to Airtel Payments Bank Limited (APBL) which has been permitted to continue the PPI business. | | 2. | One97 Communications Ltd. | The Chief Executive Officer,
One97 Communications Ltd.,
B- 121, Sector 5, Noida, 201 301 Uttar Pradesh | Mobile based Prepaid Payment Instruments m- Wallet known as ‘Paytm wallet’ | 25.07.2017 | The entity has transferred its PPI business (Paytm wallet) to Paytm Payments Bank Limited (PPBL) as permitted by RBI. | | 3. | Fino Paytech Ltd. (Earlier Alpha Payment Services India Pvt. Ltd.(erstwhile Nokia Mobile Payment Services India Pvt. Ltd.) was performing this activity) | The Chief Executive Officer,
FINO Paytech Ltd., Shree Sawan Knowledge Park, 2nd Floor, D 507 TTC Indl. Area MIDC Turbhe, Navi Mumbai | Prepaid Payment Instruments | 06.10.2017 | The entity has transferred its PPI business to the FINO Payments Bank Ltd as permitted by RBI. | | 4. | 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 | Prepaid Payment Instruments known as ‘Idea Money’ | 13.05.2018 | The entity has transferred its PPI business to the Aditya Birla Idea Payments Bank Ltd as permitted by RBI. | | 5. | Reliance Payment Solution Limited | The Chief Executive Officer,
Reliance Payment Solution Limited,
5th Floor, Court House, Lokmanya Tilak Marg,
Dhobi Talao, Mumbai 400 002 | Prepaid Payment Instruments known as ‘Jio Money’ | 31.05.2018 | The entity has transferred its PPI business to the Jio Payments Bank Ltd as permitted by RBI. | F. Entities whose Certificate of Authorisation to operate a Payment System is under process of cancellation as per regulatory requirement/Voluntary Surrender | Sr. No. | Name of the Entity | Address of the Principal Office | Payment System operated | Remarks | | 1. | Oxigen Services (India) Pvt Ltd | The Chief Executive Officer, Oxigen Services (India) Private Limited, 36, 2nd Floor, Gola Market, Behind Golcha Cinema, Daryaganj, New Delhi, Central Delhi, DL 110002 IN | Bharat Bill Payment Operating Unit (BBPOU) under Bharat Bill Payment System (BBPS) | 12.10.2017
(Valid up to 31.12.2022) | |