RBI cancels authorisation certificate of MMP Mobi Wallet Payment

Mumbai, Nov 16 (UNI) The Reserve Bank of India has cancelled the authorisation certificate of MMP Mobi Wallet Payment Systems.
Following the cancellation of the COA, the above company cannot transact the business of prepaid card issuance. 


However, customers or merchants having a valid claim, if any, on MMP Mobi Wallet Payment Systems Ltd. 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 Nov 13, 2020, RBI statement said.


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