Cancellation of Certificate of Authorisation - M/s Vodafone m-pesa Limited, Mumbai

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 Operator (PSO) on account of voluntary surrender of authorisation:

Company's Name Registered Office Address CoA No. & Date Payment System Authorised Date of Cancellation
Vodafone m-pesa Limited, Mumbai
(earlier Mobile Commerce Solutions Ltd. was performing this activity)
10th Floor, Birla Centurion, Century Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400030 Maharashtra 76/2014
Issuance and Operation of Prepaid Payment Instruments 30.09.2019

Following the cancellation of the CoA, the company cannot transact the business of issuance and operation of Prepaid Payment Instruments. However, customers or merchants having a valid claim on the company as a PSO, can approach the company for settlement of their claims within three years from the date of cancellation i.e. by 30.09.2022.

(Yogesh Dayal)     

Chief General Manager

Press Release: 2019-2020/1755

Source: RBI

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