Mumbai: The Reserve Bank of India cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa after its voluntary surrender of authorisation.
The company henceforth cannot transact business of issuance and operation of Prepaid payment Instruments, RBI said. The central bank, however, said that the customers or merchants having a valid claim on the company as a PSO, can approach the company till September 30, 2022, for settlement of their claims within three years from the date of cancellation.
"The RBI has cancelled the Certificate of Authorisation (CoA) of the below mentioned Payment System Operator (PSO) on account of voluntary surrender of authorisation," RBI said.
Mumbai Cybercrime: Senior Executive Duped Of ₹10.68 Lakh Via Insta Jumbo Loan Hack
'Kaise Maarte Ho Yeh Chakke?': Vaibhav Suryavanshi's Six Hitting Ability Leaves Oman Youngsters In Awe
Mumbai Police Detain 3 Linked To Delhi Red Fort Blast, Sent To National Capital For Questioning
IND vs SA Throwback: Sachin Tendulkar's Nostalgic 50th Test Century Moment Resurfaces Ahead Of Guwahati Encounter; Video
