How is Google Pay 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 in which the petitioner has contended that GPay does not figure in RBI's list of authorised 'payment systems operators' released by the central bank
- Apr 10, 2019,
- Updated Apr 11, 2019 10:47 PM IST
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.
Also read: Google Tez becomes Google Pay; now avail instant bank loans via app
Also read: RBI issues guidelines for banks to set up currency chests
For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine
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.
Also read: Google Tez becomes Google Pay; now avail instant bank loans via app
Also read: RBI issues guidelines for banks to set up currency chests
For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine