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.
INDIA Bloc MPs Move Impeachment Motion Against Madras HC Judge GR Swaminathan
Labour Policy Update: New Codes Grant Gig & Platform Workers Social Security, e-Shram Registration And Aggregator Contributions
IND Vs SA 1st T20I: Kuldeep Yadav AXED From India Playing XI Despite 'Impact Player' Show In ODI Series
'Itna Nanga Besharam Aadmi...': Piyush Mishra Says Ranbir Kapoor Doesn't Carry Even 1% Of His Family's Legacy
