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Date: 05/07/2017
Cancellation of Certificate of Authorisation – M/s Atom Technologies Limited

The Reserve Bank of India, in exercise of the powers conferred on it under Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (COA) of the following Payment System Operator (PSO) on account of voluntary surrender of authorisation by the company.

Company's Name Registered Office address COA No. & Date Payment system authorised Date of cancellation
Atom Technologies Limited, Mumbai FT Tower, CTS No. 256 & 257, Suren Road, Chakala, Andheri (E), Mumbai- 400093 38/2010
30.06.2010
Pre-paid card Issuance 04.07.2017

Following the cancellation of the COA, the above company cannot transact the business of pre-paid card issuance. However, customers or merchants having a valid claim, if any, on M/s Atom Technologies 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 03.07.2019.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/42

 
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