On October 03, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1679/QD-NHNN revoking the License for providing payment intermediary services of Cititek Technological Service Joint Stock Company (Cititek).
Accordingly, the SBV has revoked the License for providing payment intermediary services No. 74/GP-NHNN dated November 12, 2021 of the SBV Governor issued to Cititek, with the specifics as follows:
Full name in English: CITITEK TECHNOLOGICAL SERVICE JOINT STOCK COMPANY; Abbreviated name: CITITEK., JSC; Transaction name: Cititek Technological Service Joint Stock Company; Business ID: 0108748922; Head office address: 17A Tran Hung Dao Street, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi City.
The reason for the License revocation: 6 months after the date of issuance of the License, Cititek did not conduct the intermediary payment services as stated in its License, without a justifiable reason as stipulated in Point a, Paragraph 4, Article 16 of Decree No. 101/2012/ND-CP dated November 22, 2012 of the Government on cashless payment (as amended and supplemented).
Within 30 days from the date of receipt of this Decision, Cititek must send a written notice to the relevant organizations and individuals to liquidate any contracts and fulfill the obligations and responsibilities of the parties.
This Decision took effect from the date of signing.
LK