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Date : Mar 10, 2021
Revocation of Certificate of Authorisation

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


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