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RBI cancels Certificate of authorization of Vodafone m-pesa

RBI cancels Certificate of authorization of Vodafone m-pesa

Tuesday, January 21, 2020, 3:59 PM

The Reserve Bank of India on Tuesday said it has cancelled the Certificate of Authorisation (CoA) of Vodafone m-pesa on account of voluntary surrender of authorization. Following the cancellation of the CoA, the company cannot transact the business of issuance and operation of prepaid payment instruments, the central bank said. Vodafone m-pesa, a Payment System Operator (PSO), had voluntarily surrendered the authorization, it said.
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