Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
access_time 2020-11-23T14:18:34+05:30
The key is to keep talking about quotas
access_time 2020-11-21T09:24:59+05:30
The democratic process in Jammu-Kashmir
access_time 2020-11-20T10:03:57+05:30
access_time 2020-11-19T11:08:50+05:30
Death knell for media freedom
access_time 2020-11-18T12:01:36+05:30
The rise of Owaisis
access_time 2020-11-16T15:36:47+05:30
exit_to_app
Homechevron_rightBusinesschevron_rightHow is Googles GPay...

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

text_fields
bookmark_border
How is Googles GPay operating without authorisation: Delhi HC asks RBI
cancel

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.

Show Full Article
TAGS:
Web Title - How is Google's GPay operating without authorisation: Delhi HC asks RBI
Next Story