On a request for voluntary surrender RBI cancels the Certificate of Authorisation of Accor

May 17, 2022 07:00 pm

The Reserve Bank of India (RBI) today cancelled the Certificate of Authorisation of Edenred (India) Private Limited (Earlier Accor Services Private Limited) based on request of a voluntary surrender.

Edenred is a Payment System Operator (PSO) serving meal and gift paper vouchers. The products are under the name Ticket Restaurant.

Following the cancellation of the CoA, the company cannot transact the business of the authorised payment system, as mentioned above. However, customers or merchants having a valid claim, if any, on this company as PSO, can approach it for settlement of their claims within three years from the date of cancellation.