GUWAHATI: The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does not operate any payment systems.
Further, RBI stated that its operations are not in violation of the Payment and Settlement System Act of 2007, RBI.
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Responding to a PIL filed by financial economist Abhijit Mishra who has alleged that Google's mobile payment app was facilitating financial transactions without the requisite authorisation, RBI added that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by the National Payments Corporation of India (NPCI).
The bench of the Delhi Court said that the matter requires detailed hearing as it affects other third party apps and listed it on July 22.
(Inputs from PTI)