The Reserve Bank of India, in exercise of the powers conferred on it under the Payment and Settlement Systems Act, 2007, has cancelled 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 Cancellation | | 1. | Flytech Aviation Limited, Secunderabad | H.No. 1-8-303 / 33, 3rd Floor, Nagam Towers, Opp. NTR Circle, Police Lines, Minister Road, Secunderabad, Telangana – 500 003 | 111/2017 dated 28.04.2017 | Issuance and operation of Prepaid Payment Instruments | 30.06.2019 | | 2. | Supreme Securities Limited, New Delhi | 3rd Floor, R.D. Chambers, 16/11, Arya Samaj Road, Karol Bagh, New Delhi – 110 005 | 96/2016 dated 20.09.2016 | Issuance and operation of Prepaid Payment Instruments | 02.08.2019 | Following the cancellation of the CoA, these companies cannot transact the business of issuance and operation of Prepaid Payment Instruments. However, customers or merchants having a valid claim, if any, on these companies as PSOs, can approach them for settlement of their claims within three years from the date of cancellation. Yogesh Dayal
Chief General Manager Press Release: 2019-2020/430 | |