Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • Careers
  • More..
    • Horoscope
    • Sci-Tech
    • Timeout
    • Opinion
    • COVID-19
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • Careers
  • More..
    • Horoscope
    • Sci-Tech
    • Timeout
    • Opinion
    • COVID-19
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

All transactions fully protected under RBI, NPCI guidelines: Google Pay

PTI
Updated: June 24th, 2020, 21:08 IST
in Business
0
Google Pay

Photo courtesy: edexlive.com

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Google Pay said Wednesday all transactions made through its platform are fully protected by redressal processes laid out in the guidelines issued by the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI).

The statement comes against the backdrop of social media buzz that issues might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.

Also Read

Basmati rice exports

Agri-commodities exports decline to 17.93 lakh tonnes in Sept: APEDA

4 hours ago
Microsoft

UK regulator looks into Microsoft’s partnership with OpenAI

5 hours ago

“Some quotes on social media, wrongly attributed to the RBI, claim that issues arising while transferring money through Google Pay are not protected by the law, since the app is unauthorised. This is incorrect and can be verified on NPCI’s website,” a Google spokesperson said Wednesday.

According to the spokesperson, RBI has not said that the Google Pay app is unauthorised or not legally compliant in its court hearing or in its written response to the Delhi High Court.

Earlier this month, RBI told the Delhi High Court that Google Pay is a third party app provider and does not operate any payment systems. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007, RBI had told a bench of Chief Justice DN Patel and Justice Prateek Jalan.

The central bank had also informed the court 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 NPCI.

“Google Pay operates completely within the law. Google Pay works as a technology service provider to partner banks, to allow payments via UPI (Unified Payments Interface). UPI apps in the country are categorised as ‘third party apps’, and are not required to be ‘payment systems operators’,” the Google spokesperson informed.

The spokesperson also noted that all transactions made via Google Pay are fully protected by redressal processes laid out by applicable guidelines.

“All transactions made via Google Pay are fully protected by redressal processes laid out by applicable guidelines of the RBI/ NPCI, and users can reach out for any help 24/7, through Google Pay customer care,” the spokesperson asserted.

 

 

Tags: APPGoogle PayNPCIRBItransactionsUPI
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Sibarama Khotei

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Adyasha Priyadarsani Sendha

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019

Archives

Editorial

Blind to Condition

AAKAR PATEL
December 10, 2023

Last week, I wrote about South Asia remaining poor compared to nations in Asia, which have done something different from...

Read more

ED’s Future Actions

December 9, 2023

The recent empanelling of IRS officer Rahul Navin as the interim chief of the Enforcement Directorate (ED) and conferring upon...

Read more

Bungling Spies

Representational image (Via christianitytoday.com)
December 6, 2023

It appears to be a season of Indian spies getting nabbed or identified for messing up with their espionage work...

Read more

Opposition In Peril

December 5, 2023

The Congress’ disastrous performance in the just concluded Assembly elections to Madhya Pradesh, Chhattisgarh, and Rajasthan presents an uphill task...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Opinion
  • Feature
  • Sports
  • Sci-Tech
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2020 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Metro
  • State
  • National
  • International
  • Sports
  • Business
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2020 All rights Reserved by OrissaPOST