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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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