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 | (Yogesh Dayal)
Chief General Manager Press Release: 2020-2021/1226 | |