The Reserve Bank of India has cancelled the Certificate of Authorisation (COA) of Payment System Operator (PSO) Tech Mahindra Limited, Noida, on account of voluntary surrender of authorisation by the company. The RBI, in a statement, said following the cancellation of the COA, the company cannot transact the business of pre-paid card issuance. However, customers or merchants having a valid claim, if any, on 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 — upto August 27, 2020. Our Bureau
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