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Date: 28/08/2018
Cancellation of Certificate of Authorisation - M/s Tech Mahindra Limited, Noida

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
Tech Mahindra Limited, Noida A-20, Sector 60, Noida 201 301. 59/2013
19.09.2013
Pre-paid card Issuance 28.08.2018

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 Tech Mahindra Limited, Noida 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 27.08.2020.

Anirudha D. Jadhav
Assistant Manager

Press Release : 2018-2019/483

 
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