Aditya Birla Idea Payments Bank Ltd Current Affairs, GK & News

PPI Licence of Vodafone M-Pesa revoked by RBI

The Reserve Bank of India (RBI) recently canceled the Certificate of Authorisation (CoA) of Vodafone M-Pesa after it voluntarily surrendered its authorization. RBI authorizes the Payment System Operator to set up and operate in India under the Payment and Settlement Systems Act, 2007. The absence of long term business led to continuing losses was the ..