Thursday, 25 June 2020

Caution / Google Pay is not a payment system operator, RBI clarified in the Delhi High Court

Caution / Google Pay is not a payment system operator, RBI clarified in the Delhi High Court
It does not operate any payment system.  So the work of Google Pay does not come under the Payment and Settlement Systems Act 2007.  The RBI passed the information to Chief Justice DN Patel and Justice Pratik Jalan.  The RBI also told a Delhi High Court bench that Google-Pay does not function as a payment system of any kind.  Therefore, it did not find a place in the list of authorized payment system operators published by the National Payments Corporation of India (NPCI). 
Google Pay payment system is not a system operator, the RBI clarified in the Delhi High Court


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Caution / Google Pay is not a payment system operator, RBI clarified in the Delhi High Court Rating: 4.5 Diposkan Oleh: Niya

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