Google to HC: Google pay doesn’t need authorisation from RBI as it doesn’t function as PSO

Google India Digital Services Private Limited has informed Delhi High court that it merely works as a Third Party Application Provider (TPAP) to partner banks to allow for payments through the UPI infrastructure as provided by NPCI.

It has been submitted that in so far as the UPI payment system is concerned, it is the NPCI that is the Payment System Operator of the UPI payment system, and Google pay is merely working as a TPAP in the UPI interface which does not require a specific authorisation from Reserve Bank of India (RBI) under the Payments and Settlements Systems Act, 2007.

Petitioner Abhijit Mishra, a financial economist, has 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.

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