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SOURCE OF INFORMATION : RESERVE BANK OF INDIA WEBSITE & NEWSPAPERS
PERIOD COVERED : 01-AUG-1996 TO 13-JUL-2024

PAYMENT SYSTEM OPERATORS (NON-BANK): DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person APPNIT TECHNOLOGIES PVT.LTD.
  DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007   IMPOSED PENALTY RS.54,93,000

01-NOV-2021 		 
2
History of entity/person MONEYGRAM PAYMENT SYSTEMS INC.
  DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007   IMPOSED PENALTY RS.10,11,653

20-APR-2018 		 
3
History of entity/person MY MOBILE PAYMENTS LTD.
  DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007   CANCELLED CERTIFICATE OF AUTHORISATION

31-OCT-2019 		 
4
History of entity/person PAYTM PAYMENTS BANK LTD.
  DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007   IMPOSED PENALTY RS.1,00,00,000

01-OCT-2021 		 
5
History of entity/person TATA COMMUNICATIONS PAYMENT SOLUTIONS LTD.
  DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007   IMPOSED PENALTY RS.2,00,00,000

21-OCT-2021 		 
6
History of entity/person WESTERN UNION FINANCIAL SERVICES INC.
  DID NOT ADHERE TO PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007   IMPOSED PENALTY RS.29,66,959

20-APR-2018 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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