{"id":85857,"date":"2019-04-11T15:46:49","date_gmt":"2019-04-11T10:16:49","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=3578"},"modified":"2019-04-11T15:46:49","modified_gmt":"2019-04-11T10:16:49","slug":"how-is-googles-gpay-operating-without-authorisation-delhi-hc-asks-rbi","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/how-is-googles-gpay-operating-without-authorisation-delhi-hc-asks-rbi\/","title":{"rendered":"How is Google\u2019s GPay operating without authorisation, Delhi HC asks RBI"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>The Delhi High Court has asked the Reserve Bank\nof India (RBI) to explain how Google was operating its payment services in India\nwithout taking any approvals or licence from the RBI. Google\u2019s GooglePay uses BHIM\nunified payments Interface (BHIM UPI) for money transfers.<\/li><li>The court\u2019s query has come in the backdrop a\nplea which had alleged that Google Pay was acting as a payments system provider\nin violation of the Payments and Settlements (PSS) Act, 2007. This was because\nit is not listed in the RBI list of authorised payment systems operators.<\/li><li>Further, the plea has also raised concerns that GooglePay\nmight have violated RBI\u2019s April 2018 Master Circular on Storage of Payment\nSystem Data and pose significant threat to privacy of citizens. <\/li><li>RBI in its circular had mandated all system\nproviders shall ensure that the entire data relating to payment systems\noperated by them are stored in a system only in India. <\/li><li>The PSS Act provides for the regulation and\nsupervision of payment systems in India and designates the Reserve Bank of\nIndia as the authority for that purpose and all related matters. A payment\nsystem refers to a system that enables payment to be effected between a payer\nand a beneficiary, involving clearing, payment or settlement service or all of\nthem.<\/li><li>Both bank and non-bank players are payment\nservice providers in PSPs in India. Only bank-led PSPs have direct access to\npayment systems. Non-bank PSPs can access payment systems only through a member\nbank.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Delhi High Court has asked the Reserve Bank of India (RBI) to explain how Google was operating its payment services in India without taking any approvals or licence from the RBI. Google\u2019s GooglePay uses BHIM unified payments Interface (BHIM UPI) for money transfers. The court\u2019s query has come in the backdrop a plea which&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/how-is-googles-gpay-operating-without-authorisation-delhi-hc-asks-rbi\/\">Continue reading <span class=\"screen-reader-text\">How is Google\u2019s GPay operating without authorisation, Delhi HC asks RBI<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3359,3360],"class_list":["post-85857","post","type-post","status-publish","format-standard","hentry","category-economy","tag-gpay-controversy","tag-payment-and-settlements-act","entry"],"jetpack_featured_media_url":"","views":{"total":1,"cached_at":"","cached_date":1701347792},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/85857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=85857"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/85857\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=85857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=85857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=85857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}