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Date : May 19, 2017
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:

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,
1001A, B wing, 10th Floor,
The Capital, 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 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,
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.
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 27.04.2019)
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 31.03.2020)
10.
Global Foreign Exchange Inc., Canada
The President Globle Foreign Exchange Inc,
420 Britannia Road East,
Suite 200, Mississauga, ON L4Z 3L5 Canada
MTSS- cross border in-bound service (customer to customer) known as “Transfast”
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.
MTSS- cross border in-bound service (customer to customer) known as “MoneyGram or MoneyGram International”
25.05.2009
(Valid upto 31.05.2019)
12.
Royal Exchange (USA) Inc., USA
The President,
Royal Exchange (USA) Inc., 1155,
Green Street, ISELIN,
New Jersey- 08830, USA.
MTSS- cross border in-bound service (customer to customer)
30.09.2009
(Valid upto 30.06.2018)
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 Inc, USA,
Western Union Financial Services Incorporated,
12500, East Belford Avenue, MSM23B7,
Englewood, Colorado–80112, U S A
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,
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
20.
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
21.
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
Pre-paid Payment Instruments
04.06.2015
(Valid upto 30.06.2020)
22.
Amazon Online Distribution Services Private Limited
The Chief Executive Officer, Amazon Online Distribution Services Private Limited, #26/1, Brigade Gateway, World Trade Centre, 8th floor, Dr. Rajkumar Road, Malleswaram (West), Bangalore – 560 055
Pre-paid Payment Instruments
22.03.2017
(Valid upto 31.03.2022)
23.
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
Pre-paid Payment Instruments
22.03.2017
(Valid Upto 31.03.2022)
24.
Bajaj Finance Limited
The Chief Executive Officer, Bajaj Finance Limited, 4th Floor, Bajaj Finserv Corporate Office, Off. Pune-Ahmednagar Road, Viman Nagar, Pune – 411014
Pre-paid Payment Instruments
08.02.2017
(Valid upto 31.03.2022)
25.
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
Pre-paid Payment Instruments
04.06.2015
(Valid upto 30.06.2020)
26.
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
Pre-paid Payment Instruments
27.08.2015
(Valid upto 30.09.2020)
27.
Delhi Metro Rail Corporation Limited
The Chief Executive Officer, Delhi Metro Rail Corporation Limited, Metro Bhawan, Fire Brigade Lane, Barakhamba Road, New Delhi - 110001
Pre-paid Payment Instruments for Mass Transit Systems
20.02.2017
(Valid upto 31.03.2022)
28.
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 e-wallet known as ‘HotRemit'
23.07.2012
(Valid upto 22.01.2018)
29.
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 and gift paper vouchers, meal and cafeteria cards, gift cards. The products are mainly under the brand name ‘Ticket/Ticket Restaurant/Ticket Compliments’
29.10.2009
(Valid upto 30.04.2020)
30.
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.
Pre-paid Payment Instruments
25.03.2015
(Valid upto 31.03.2020)
31.
E-Meditek Global Private Limited
The Chief Executive Officer, E-Meditek Global Private Limited, Plot No. 577, Udyog Vihar, Phase –V, Gurgaon, Haryana - 122016
Pre-paid Payment Instruments
07.10.2016
(Valid upto 31.12.2021)
32.
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
Pre-paid Payment Instruments
14.07.2016
(Valid upto 30.09.2021)
33.
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
Pre-paid Payment Instruments
14.08.2015
(Valid upto 30.09.2017)
34.
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
Pre-paid Payment Instruments
28.04.2017
(Valid upto 30.06.2019)
35.
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 Card known as 'I Cash'
29.10.2009
(Valid upto 31.10.2018)
36.
Hip Bar Private Limited
The Chief Executive Officer,
Hip Bar Private Limited, 34,
(First Floor), 4th Main Road,
Gandhi Nagar, Adyar, Chennai – 600 020
Pre-paid Payment Instruments
22.08.2016
(Valid upto 30.09.2021)
37.
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 known as ‘Idea Money’
25.11.2013
(Valid upto 24.11.2018)
38.
India Transact Services Limited.
The Chief Executive Officer,
India Transact Services Limited, ITSL,
14th Floor, Tower 3, Indiabulls Finance Center,
S. B. Marg Elphinstone Road (W) Mumbai 400 013
Pre-paid Payment Instruments known as ‘Ongo’
30.05.2014
(Valid upto 31.05.2019)
39.
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 known as ‘Pay on web’, ‘Mobile Wallet’ and ‘Itz Cash BSNL trust Card’
25.08.2009
(Valid upto 30.11.2017)
40.
Kedia Infotech Ltd.
The Chief Executive Officer
Kedia Infotech Ltd.
518, 5th Floor Swapnalok Complex
S D Road Secunderabad 500 003
Pre-paid Payment Instruments known as ‘Etran Wallet’
29.07.2015
(Valid upto 30.09.2020)
41.
LivQuik Technology (India) Private Limited
The Chief Executive Officer,
LivQuik Technology (India) Private Limited,
709, Maker Chambers V,
Nariman Point, Mumbai – 400 021
Pre-paid Payment Instruments
08.08.2016
(Valid upto 30.09.2021)
42.
Manappuram Finance Limited
The Chief Executive Officer, Manappuram Finance Limited, Manappuram House, P.O. Valappad, Thrissur, Kerala - 680 567
Pre-paid Payment Instruments
08.02.2017
(Valid upto 31.03.2022)
43.
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 31.12.2018)
44.
Mpurse Services Pvt. Ltd.
The Chief Executive Officer,
Plot No 38, Sector 32 Institutional Area,
Opposite Medanta Medicity Hospital,
Gurgaon 122 001
Pre-paid Payment Instruments known as ‘mpurse wallet’
30.06.2014
(Valid upto 30.06.2019)
45.
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 e-wallet known as ‘Muthoot Money’ and m-wallet known as ‘Muthoot wallet’
29.10.2009
(Valid upto 31.12.2018)
46.
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 ‘MOM’
24.10.2011
(Valid upto 31.10.2018)
47.
Nucleus Software Exports Limited
The Chief Executive Officer, Nucleus Software Exports Limited, 33-35, Thyagraj Market, New Delhi – 110 003
Pre-paid Payment Instruments
22.03.2017
(Valid upto 31.03.2019)
48.
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 known as ‘Paytm wallet’
07.08.2013
(Valid upto 06.08.2018)
49.
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
Pre-paid Payment Instruments known as ‘Mobikwik Wallet’
18.07.2013
(Valid upto 17.07.2018)
50.
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)
51.
Paul Fincap Pvt. Ltd.
The Chief Executive Officer,
Paul Fincap Pvt. Ltd.,
SCO 829-830, Sector 22-A, Chandigarh 160 022
Pre-paid Payment Instruments
04.06.2015
(Valid upto 30.06.2020)
52.
PayU Payments Private Limited
The Chief Executive Officer,
32, Viraj Building, SV Road, above HDFC Bank, Khar West, Mumbai, Mumbai City, Maharashtra, India, 400052
Pre-paid Payment Instruments
25.07.2016
(Valid upto 30.09.2021)
53.
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
Pre-paid Payment Instruments known as 'Pay Pointz'
03.04.2012
(Valid upto 30.06.2017)
54.
Pine Labs Private Limited
The Chief Executive Officer, Unitech Infospace, 2nd and 3rd Floor, Building – 2, Plot No. B2, Sector – 62, Noida – 201301
Pre-paid Payment Instruments
10.03.2017
(Valid upto 31.03.2022)
55.
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
Pre-paid Payment Instruments
18.12.2014
(Valid upto 31.12.2019)
56.
Phonepe Private Limited (formerly named as FX Mart Pvt. Ltd)
The Chief Executive Officer,
Phonepe Private Limited, A 25, Mohan Cooperative Industrial Area, South Delhi, New Delhi – 110 044
India
Pre-paid Payment Instruments known as ‘PhonePe’
25.08.2014
(Valid upto 31.08.2019)
57.
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
Pre-paid Payment Instruments m-wallet known as ‘SpeedPay’
30.01.2014
(Valid upto 31.03.2019)
58.
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, Co-branded gift card known as ‘Issued by QwikCilver’
06.08.2013
(Valid upto 05.08.2018)
59.
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)
60.
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)
61.
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.
Paper based vouchers known as Meal, Catering, Gift Gold, Gift Exclusive and Gift Advantage. Electronic based vouchers, gift passes known as Meal Card, Premium E Gift Exclusive E gift and Say Rewards
25.08.2009
62.
Spice Digital Ltd
The Chief Executive Officer,
Spice Digital Ltd., 19A & 19B,
4th Floor, Global Knowledge Park,
Sector 125, Noida – 201301
Pre-paid Payment Instruments
09.04.2015
(Valid up to 30.06.2020)
63.
Supreme Securities Limited
The Chief Executive Officer,
Supreme Securities Limited, 3rd Floor, R.D.Chambers, 16/11, Arya Samaj Road, Karol Bagh, New Delhi
Pre-paid Payment Instruments
20.09.2016
(Valid up to 30.09.2021)
64.
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
Pre-paid Payment Instruments (m-wallet) known as ‘MoboMoney’
19.09.2013
(Valid upto 18.09.2018)
65.
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 known as ‘Transaction Assured’
07.03.2014
(Valid upto 31.03.2019)
66.
Transcorp International Limited
The Chief Executive Officer,
Transcorp International Limited, Plot No 3, HAF Pocket, Sector 18A, Phase II, Dwarka, New Delhi.
Pre-paid Payment Instruments
26.08.2016
(Valid upto 30.09.2021)
67.
TranServ Private Limited
The Chief Executive officer,
TranServ Private Limited, High Tech Plaza,
Office No 2 Ground Floor,
Off Mahakali Caves Road,
Opp. Shanti Nagar Bus Stop,
Andheri (East) Mumbai – 400 093
Pre-paid Payment Instruments known as ‘UDIO’
22.02.2016
(Valid upto 31.03.2021)
68.
Tri O Tech Solutions Private Ltd.
The Chief Executive Officer, Tri O Tech Solutions Private Limited, Plot No D- 50, 1st and 2nd Floor, Udyog Vihar, Phase V,
Gurgaon - 122016
Pre-paid Payment Instruments
18.01.2017
(Valid upto 31.03.2022)
69.
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 m-wallet known as ‘X-Pay
29.10.2009
(Valid upto 31.10.2017)
70.
Virgosoft IT Services Private Limited
The Chief Executive Officer, Virgosoft IT Services Private Limited, Plot No E1, Block No B1, Rajindra House, 1st Floor, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi - 110044
Pre-paid Payment Instruments
27.02.2017
(Valid upto 31.03.2022)
71.
Vodafone m-pesa Limited
(Earlier Mobile Commerce Solutions Ltd. was performing this activity)
The Chief Executive Officer,
Vodafone m-pesa Limited,
Peninsula Corporate Park,
Ganpatrao Kadam Marg,
Lower Parel, Mumbai - 400 013
Pre-paid Payment Instruments known as ‘Vodafone M-pesa’
07.11.2014
(Valid upto 30.11.2017)
72.
Weizmann Impex Service Enterprise Limited
The Chief Executive Officer,
Weizmann Impex Service Enterprise Ltd. 214,
Empire House (Basement) Dr D N Road,
Ent A K Nayak Marg, Fort, Mumbai – 400 001
Pre-paid Payment Instruments
11.12.2015
(Valid upto 31.12.2020)
73.
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 m-wallet known as ‘Y-Pay Cash’
15.03.2012
(Valid upto 31.03.2019)
74.
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
Pre-paid Payment Instruments
27.02.2017
(Valid upto 31.03.2019)
75.
ZipCash Card Services Pvt. Ltd.
The Director,
ZipCash Card Services Pvt. Ltd., 323,
Corporate Centre, Nirmal Lifestyle,
LBS Marg, 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
76.
AGS Transact Technologies Ltd.
The Chairman & Managing Director
601-602, B-wing, Trade World
Kamala City, Senapati Bapat Marg
Lower Parel (W) Mumbai 400 013
Installation and operation of WLAs
30.06.2014
(Valid upto 30.06.2019)
77.
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)
78.
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
(Valid upto 31.12.2018)
79.
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)
80.
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
15.05.2014
(Valid upto 31.05.2019)
81.
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)
82.
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)
83.
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)
Instant Money Transfer
84.
Empays Payment Systems India Pvt. Ltd.
The Chief Executive Officer
Empays Payment Systems India Pvt. 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 16.11.2019)
Trade Receivables Discounting System (TReDS)
85.
Mynd Solutions Private Limited
The Director
Mynd Solutions Private Limited
296, Udyog Vihar, Phase – IV, Gurgaon, Haryana
PIN - 122001
TReDS system known as Mynd Online National Exchange
20.03.2017
(valid upto 31.03.2022)
86.
Receivables Exchange of India Limited (RXIL)
The Managing Director & Chief Executive Officer
Receivables Exchange of India Limited (RXIL)
Exchange Plaza, Plot C1, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051
TReDS system known as RXIL
17.05.2017
(valid upto 30.06.2022)

Note: The entity was granted approval to commence operations w.e.f 01.12.2016

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 pre-paid cards known as 'Go-Mumbai'
Revocation order issued on 05.04.2011 (25.08.2009)

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.
Pre-paid 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.
Pre-paid payment instruments
January 01, 2014

D. Authorised entities who have initiated process of voluntarily surrendering the Certificate of Authorisation for payment system operations.

Sr. No. Name of the Entity Address of the Principal Office Payment System operated Surrender process commenced since
1.
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 known as ‘Atom Wallet’ and ‘Aquapay’
August 2016
2.
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)
January 2015
3.
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’
February 2017

E. 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
Pre-paid 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
Pre-paid 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.
Pre-paid payment instruments known as ‘Beam Money’
May 04, 2017
Customers or merchants having a valid claim, if any, on M/s Beam Money Private Limited, as a PSO, can approach the company for settlement of their respective claims within two years from the date of this cancellation i.e.upto 03.05.2019

F. 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.
Pre-paid 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.

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