Case Brief
The Reserve Bank of India cancelled the Certificate of Authorisation of M/s Beam Money Private Limited, which was operating as a Payment System Operator (PSO), under the Payment and Settlement Systems Act, 2007. The release makes clear that the cancellation occurred because the company voluntarily surrendered its authorisation, so the action is a withdrawal/restoration-type event rather than an RBI-imposed punitive restriction.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Payment entity
- Action Type
- Action lifted
- Order Date