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Correct Option is Payment and Settlement Systems Act, 2007

Solution:The Reserve Bank of India (RBI) cancelled the Certificate of Authorisation (CoA) of two Payment System Operators (PSOs), Muthoot Vehicle & Asset Finance, and Eko India Financial Services for non-compliance with regulatory requirements.
The CoA was cancelled by RBI on 31st December 2021, in the exercise of the powers conferred on it under the Payment and Settlement Systems Act, 2007.

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