|
S.No.
|
ENTITY |
PERSONS |
REGULATORY CHARGES
|
REGULATORY ACTION(S) / DATE OF ORDER
|
FURTHER DEVELOPMENTS
|
|
1
|
|
AGS TRANSACT TECHNOLOGIES LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
CERTIFICATE OF AUTHORISATION REVOKED
04-MAR-2021
|
|
|
2
|
|
|
AIRCEL SMART MONEY LTD.
|
|
|
DID NOT RENEW CERTIFICATE OF REGISTRATON
|
CANCELLED CERTIFICATE OF AUTHORISATION
30-JUN-2020
|
|
|
3
|
|
|
AMERICAN EXPRESS BANKING CORP.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON STORAGE OF PAYMENT SYSTEM DATA
|
RESTRAINED FROM ONBOARDING NEW DOMESTIC CUSTOMERS ONTO THEIR CARD NETWORKS
23-APR-2021
|
RBI VIDE ITS ORDER DATED 24/08/2022 LIFTED THE RESTRICTIONS IMPOSED VIDE ITS ORDER DATED 23/04/2021
|
|
4
|
|
|
APPNIT TECHNOLOGIES PVT.LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.54,93,000
01-NOV-2021
|
|
|
5
|
|
|
BEAM MONEY PVT.LTD.
|
|
|
VOLUNTARILY SURRENDERED CERTIFICATE OF AUTHORISATION
|
CANCELLED CERTIFICATE OF AUTHORISATION
04-MAY-2017
|
|
|
6
|
|
|
CARD PRO SOLUTIONS PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
CANCELLED CERTIFICATE OF AUTHORISATION
10-FEB-2020
|
|
|
7
|
|
|
DELHI INTEGRATED MULTI-MODAL TRANSIT SYSTEM LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
CANCELLED CERTIFICATE OF AUTHORISATION
10-JUL-2020
|
|
|
8
|
|
|
DINERS CLUB INTERNATIONAL LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON STORAGE OF PAYMENT SYSTEM DATA
|
RESTRAINED FROM ONBOARDING NEW DOMESTIC CUSTOMERS ONTO THEIR CARD NETWORKS
23-APR-2021
|
RBI VIDE ITS ORDER DATED 09/11/2021 LIFTED THE RESTRICTIONS IMPOSED VIDE ITS ORDER DATED 23/04/2021
|
|
9
|
|
|
EDENRED (INDIA) PVT.LTD.
|
|
|
VOLUNTARILY SURRENDERED CERTIFICATE OF AUTHORISATION
|
CANCELLED CERTIFICATE OF AUTHORISATION
30-APR-2021
|
|
|
10
|
|
|
EKO INDIA FINANCIAL SERVICES PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
CANCELLED CERTIFICATE OF AUTHORISATION
31-DEC-2021
|
|
|
11
|
|
|
GI TECHNOLOGY PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
CERTIFICATE OF AUTHORISATION REVOKED
20-OCT-2022
|
|
|
12
|
|
|
INCASHME MOBILE WALLET SERVICES PVT.LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
CANCELLED CERTIFICATE OF AUTHORISATION
30-JUN-2020
|
|
|
13
|
|
|
MASTERCARD ASIA/PACIFIC PTE.LTD.
|
|
|
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON STORAGE OF PAYMENT SYSTEM DATA
|
RESTRAINED FROM ONBOARDING NEW DOMESTIC CUSTOMERS ONTO THEIR CARD NETWORKS
14-JUL-2021
|
RBI VIDE ITS ORDER DATED 16/06/2022 LIFTED THE RESTRICTIONS IMPOSED VIDE ITS ORDER DATED 14/07/2021
|
|
14
|
|
|
MMP MOBI WALLET PAYMENT SYSTEMS LTD.
|
|
|
VOLUNTARILY SURRENDERED CERTIFICATE OF AUTHORISATION
|
CANCELLED CERTIFICATE OF AUTHORISATION
14-NOV-2018
|
|
|
15
|
|
|
MONEYGRAM PAYMENT SYSTEMS INC.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
IMPOSED PENALTY RS.10,11,653
20-APR-2018
|
|
|
16
|
|
|
MUTHOOT VEHICLE & ASSET FINANCE LTD.
|
|
|
DID NOT ADHERE TO REGULATORY REQUIREMENTS ISSUED BY RBI
|
CANCELLED CERTIFICATE OF AUTHORISATION
31-DEC-2021
|
|
|
17
|
|
|
MY MOBILE PAYMENTS LTD.
|
|
|
DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007
|
CANCELLED CERTIFICATE OF AUTHORISATION
31-OCT-2019
|
|
|
18
|
|
|
ONE MOBIKWIK SYSTEMS PVT.LTD.
|
|
|
DEFICIENCIES IN REGULATORY COMPLIANCE
|
IMPOSED PENALTY RS.1,00,00,000
07-DEC-2021
|
|
|
19
|
|
|
PAYTM PAYMENTS BANK LTD.
|
|
|
DID NOT COMPLY WITH DIRECTIVES/INSTRUCTIONS/GUIDELINES OF RBI ON COMPREHENSIVE SYSTEM AUDIT REPORT AND SUBSEQUENT COMPLIANCE VALIDATION REPORT OF EXTERNAL AUDITORS
DID NOT ADHERE TO INSTRUCTIONS OF RBI ON MATERIAL SUPERVISORY CONCERNS
|
DIRECTED TO STOP ONBOARDING OF NEW CUSTOMERS
DIRECTED NOT TO FURTHER DEPOSITS OR CREDIT TRANSACTIONS OR TOP UPS ALLOWIN ANY CUSTOMER ACCOUNTS, PREPAID INSTRUMENTS, WALLETS, FASTAGS, NATIONAL COMMON MOBILITY CARDS ETC.
DIRECTED TO PERMIT WITHOUT ANY RESTRICTIONS, WITHDRAW OR UTILIZE BALANCES FROM THEIR ACCOUNTS INCLUDING SAVINGS BANK ACCOUNTS, CURRENT ACCOUNTS, PREPAID INSTRUMENTS, FASTAGS, NATIONAL COMMON MOBILITY CARDS ETC. UP TO AVAILABLE BALANCE
31-JAN-2024
|
|
|
20
|
|
|
PAYTM PAYMENTS BANK LTD.
|
|
|
DID NOT OBTAIN NECESSARY DOCUMENTS REGARDING NATURE AND PROOF OF BUSINESS
DID NOT TAKE LIVE PHOTOGRAPHS OF CUSTOMERS CAPTURING WATER-MARK IN READABLE FORM, CAF NUMBER, GPS COORDINATES, AUTHORIZED OFFICIAL’S NAME, UNIQUE EMPLOYEE CODE (ASSIGNED BY RE), DATE AND TIME STAMP WHILE CARRYING OUT DIGITAL KYC
ISSUED DEMAND DRAFTS EACH FOR VALUE OF RUPEES FIFTY THOUSAND AND ABOVE WITHOUT INCORPORATING NAME OF THE PURCHASER ON THE FACE OF IT
MADE PERSISTENT CALLS TO SOME OF THE CUSTOMERS
DID NOT PUT IN PLACE MECHANISM TO ENSURE INTEGRITY OF CRITICAL FILE OF APPLICATIONS, DATABASES AND OPERATING SYSTEMS
RECOVERED SMS ALERT CHARGES FROM CUSTOMERS, NOT ON ACTUAL USAGE BASIS
|
IMPOSED PENALTY RS.5,39,00,000
10-OCT-2023
|
|
|
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
|
|
|
|
|
|
Page
1
of
2
|
