LN eS anita fad der RESERVE BANK OF INDIA. DPSS. CO. AD. No. / 2831 /02.27.004/ 2010-11 June 23, 2011 The Chief Executive Officer My Mobile Payments Limited, 7" Floor, MET Complex, Opp. Lilavati Hospital, Bandra (W), Mumbai - 400 050 Dear Sir Author Paymé Please refer to your application dated October 29, 2010 on the captioned subject 2. Reserve Bank of India hereby grants in-principle Authorisation to My Mobile Payments Limited for issuing and operating payment system for semi-closed pre- paid payment instrument subject to adherence of the Policy Guidelines for issuance and operation of Pre-paid Payment Instruments in India. However, before actual launching of the service, you are advised to carry out System Audit by a CISA/ D/A qualified auditor and submit the report to us within six months from issue of this letter to enable us to grant final permission and issue Certificate of Authorisation. Yours faithfully ane (K CAnand) Deputy General Manager grate Fre gor ary, eae, 4 r,s reer, ee re Fe, a 400 O01. TET +H (91-22) 2268 4995 a: (91-22) 2065 9566 / 2269 1557, Le: celpscoei orn Deperument of Payment & Setlement Sysens, Cental Ofte sth Fla, Cental Ofc Big, .B.S. Mary, Mombal 40 001 In eer oTarTe gue veT RTE