Wednesday, May 8, 2024
spot_img
More

    Latest Posts

    How is Google’s GPay operating without authorisation: Delhi HC asks RBI

    The court issued notice to RBI and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra.

     777094-googlechat

    New Delhi: The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) how Google’s mobile payment app, GPay, was facilitating financial transactions without the requisite authorisation from it.

    A bench of Chief Justice Rajendra Menon and Justice A J Bhambhani posed the query to RBI while hearing a PIL which claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions.

    The court issued notice to RBI and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra, who has contended that GPay does not figure in RBI’s list of authorised ‘payment systems operators’ released by the central bank on March 20, 2019.

    Latest Posts

    spot_imgspot_img

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.