After the Reserve Bank of India (RBI) told the Delhi High Court that, “As Google Pay does not operate any payment systems, it does not find a place

Google Pay says, “Our platform is fully protected as it works with banks to allow payments through UPI”

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2020-06-25 15:07:50

After the Reserve Bank of India (RBI) told the Delhi High Court that, “As Google Pay does not operate any payment systems, it does not find a place in the list of authorized payment operators published by National Payments Corporation of India (NPCI).”

Google Pay spokesperson on Wednesday said, “Our platform works with banks to allow payments through UPI, and all transactions made through its platform, are fully protected by redressal processes laid down by RBI and NPCI guidelines.”

In a statement issued, the spokesperson said, “Some quotes on social media, wrongly attributed to the RBI, claim that issues arising while transferring money through Google Pay are not protected by the law since the app is unauthorized. This is incorrect and can be verified on NPCI’s website.”

Reserve Bank in court said, “As Google Pay does not operate any payment systems. Its operations are not in violation of the Payment and Settlement System Act of 2007.”