The affidavit changed into filed in reaction to a PIL which has alleged that Google’s cell charge app, Google Pay or GPay in brief, became facilitating economic transactions with out the requisite authorisation from RBI.
Google India virtual offerings Pvt Ltd has instructed the Delhi high court that its Google Pay app does now not require Reserve bank of India (RBI) authorisation because it is not a payment machine operator (PSO) but a 3rd birthday party software company. Google, in an affidavit, has said the PSO accepted by using the RBI is the country wide payment agency of India (NPCI) that is the proprietor and operator of the complete unified payment interface (UPI) network. NPCI, in turn, authorises the charge provider company banks and 1/3 birthday celebration software companies (TPAPs) like Google Pay to behavior transactions on its community, the affidavit said.
On Wednesday, a bench of leader Justice D N Patel and Justice Prateek Jalan indexed the problem for in addition listening to on August 31 after the petitioner sought time to reply to Google’s affidavit.
Petitioner Abhijit Mishra, a financial economist, has claimed that GPay turned into performing as a payments machine provider in violation of the payments and Settlements Act because it has no valid authorisation from the relevant bank of the usa to carry out such capabilities. Mishra has also contended that GPay does now not discern in NPCI’s list of accredited “charge structures operators”released on March 20, 2019.
Google has contended, in its reply filed through endorse Himanshu Vij, that it works inside the NPCI regime and complies with its recommendations and the relevant laws. It also stated that it’s going to take steps to conform with the RBI’s March 17, 2020 ‘tips on regulation of payment Aggregators and price Gateways’ which mandates that entities imparting service provider services, like Google Pay, get registered with the vital financial institution.