How Is Google Payment App Operating Without Authorisation, Court Asks RBI
Team Udayavani, Apr 10, 2019, 6:13 PM IST
New Delhi: The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) how Google’s mobile payments app GPay was facilitating financial transactions without the requisite authorisation from it.
A bench of Chief Justice Rajendra Menon and Justice AJ Bhambhani posed the query to the central bank while hearing a public interest litigation (PIL) which claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act.
The PIL also claimed that GPay has no valid authorisation from the central bank of the country to carry out such functions.
The court issued a notice to the Reserve Bank of India and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra
He 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.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
CBDT allows tax officials to waive or reduce interest due from assessee
Markets fall in early trade amid unabated foreign fund outflows
New software for fast-tracking project approvals: Karnataka Minister Patil
In-flight passengers can access WiFi services only when allowed, say new rules
SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees
MUST WATCH
Latest Additions
Belagavi: Govt clerk found dead in Tehsildar’s chamber
JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices
Indian boxer Mandeep Jangra wins WBF’s world title
IOA submits ‘Letter of Intent’ to host 2036 Olympics in India
CBDT allows tax officials to waive or reduce interest due from assessee
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.