Google India Digital Services Pvt Ltd has told the Delhi High Court that its Google Pay app does not require RBI authorisation as it is not a payment system operator (PSO) but a third party application provider. The digital payments giant clarified that RBI has assigned NPCI (National Payments Corporation of India) as the Payment System Operator (PSO) of Unified Payments Interface (UPI). 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. The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. Mishra has also contended that GPay did not figure in the NPCI's list of authorised ''payment systems operators'' released on March 20, 2019. — … The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. Bilateral ATM sharing arrangement with Everest Bank of Nepal – PNB. Story highlights. RBI had also told 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 the NPCI. New Delhi, July 22 Google India Digital Services Pvt Ltd has told the Delhi High Court that its Google Pay app does not require RBI authorisation as it is not a payment system operator … The bench said the matter requires detailed hearing as it affects other third-party apps and listed it … UPI Chalega OC 107 - Change in nomenclature of Retrieval Reference number (RRN) in... UPI Circular - List of Vendors of RuPay Approved Card Manufacturing and... Rupay 31st August 2020 - Approved list of Tag Suppliers/ Manufacturers... NETC 30 March 2021 – NPCI/2020-21/AEPS/011 – Circular 59 – Implementation of monthly... Refer full list here of Payment System Operators for different types of licenses and authorized operators. Gpay is a 3rd party operator legal in India, it is not required to be a payment system operator. He has also contended that GPay does not figure in NPCI’s list of authorised ‘payment systems operators’ released on March 20, 2019. A viral claim says Google Pay is not a payment system operator hence not authorised by RBI. Google, in its affidavit, said it operates under the NPCI system and complies with its guidelines and applicable laws. Likewise, GPay did not find a place in the list of authorized payment system operators published by the National Payments Corporation of India (NPCI). Published by the National Payments Corporation of India (NPCI). The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. Mishra has claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions. This is misleading. Mishra has claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions. It is not enlisted as a payment system operator with the National Payment Corporation of India (NPCI). The initiatives taken by RBI in the mid-eighties and early-nineties focused on … Google has contended, in its reply filed through advocate Himanshu Vij, that it works within the NPCI regime and … The NPCI list referred herein was released on March 20, 2019. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on 20 March, 2019. The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. The NPCI list referred herein was released on March 20, 2019. In case, the Agent-institution has physical channels like agents, bank-branches or business correspondents, it has to submit a list of theses to its BBPOU. The National Payments Corporation of India (NPCI), a ‘Not for Profit’ company, was set The RBI's submissions came in response to a PIL by financial economist Abhijit Mishra who has alleged that Google's mobile payment app, Google Pay or GPay in … ... it does not find a place in the list … Google Pay payment system . Mishra has also contended that GPay does not figure in NPCI''s list of authorised ''payment systems operators'' released on March 20, 2019. Mishra has also contended that Google Pay does not figure in NPCI’s list of authorised” payment systems operators” released on March 20, 2019. He has also contended that GPay does not figure in NPCI’s list of authorised ‘payment systems operators’ released on March 20, 2019. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. Published by the National Payments Corporation of India (NPCI). In its clarification, the NPCI clearly writes that the RBI authorised it as a Payments System Operator (PSO). In August 2020, NPCI also set up the NPCI International Ltd to facilitate its ambition to venture into new international markets and co-create payment systems with other nations. Mishra has also contended that GPay does not figure in NPCI”s list of authorised ”payment systems operators” released on March 20, 2019. RBI had also told the high 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. Google has contended, in its reply filed through advocate Himanshu Vij, that it works within the NPCI regime and … Response from Google Pay India. He has also contended that GPay does not figure in NPCI's list of authorised ''payment systems operators'' released on March 20, 2019. The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. Track Latest News Live on NDTV.com and get news updates from India and around the world. RBI has also told 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 the National Payments Corporation of India (NPCI). The list of 'Payment System Operators’ authorised by the Reserve Bank of India to set up and operate in India under the Payment and Settlement Systems Act, 2007 is as under: ... National Payments Corporation of India: The Chief Executive Officer, National Pay ments Corporation of India, 1001A, B wing, 10th Floor, Google India has told the Delhi High Court that its Google Pay app does not require RBI authorisation as it is not a payment system operator but a third … Google has contended, in its reply filed through advocate Himanshu Vij, that it works within the NPCI regime and … 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. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007, RBI has told a bench of Chief Justice D N Patel and Justice Prateek Jalan. Google Pay Not A Payment System Operator: RBI To High Court This Article is From Jun 20, 2020 RBI has told the Delhi High Court that Google Pay is a … It was followed by reports where the Reserve Bank said that Google Pay wasn't a payment system operator. A Google spokesperson said that the RBI has not said that GPay is unauthorised or not legally compliant. Mishra has also contended that GPay does not figure in NPCI”s list of authorised ”payment systems operators” released on March 20, 2019. Mishra has also contended that GPay does not figure in NPCI''s list of authorised ''payment systems operators'' released on March 20, 2019. Mishra has claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions. Furthermore, RBI also stated it does not Google Pay in the list of authorized payment system operators. 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. NPCI, in turn, authorises the payment service provider banks and third party application providers (TPAPs) like Google Pay to conduct transactions on its network, the … Mishra has also contended that GPay does not figure in NPCI's list of authorised "payment systems operators''released on March 20, 2019. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. GPay does not figure in NPCI’s list of authorised “payment systems operators” released on March 20, 2019. To make available at least a minimum number of modes of payments at its outlets/ customer service points. He also argued that GPay is not on the list of NPCI authorised "payment system operators" that was released on March 20, 2019. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. Mishra has also contended that GPay does not figure in NPCI''s list of authorised ''payment systems operators'' released on March 20, 2019. Mishra has also contended that GPay does not figure in NPCI”s list of authorized ”payment systems operators” released on March 20, 2019. However, in 2019, we witnessed a significant growth in terms of mobile payment with open Mishra has also contended that GPay does not figure in NPCI''s list of authorised ''payment systems operators'' released on March 20, 2019. Online payment systems has to be authorised by RBI. The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. The Petitioner in the above case had earlier contended that as Google Pay is not mentioned in the National Payments Corporation of India's (NPCI) list of authorized payment system operators' it does not qualify to continue operating payment settlements. The petitioner, Abhijit Misra, had contended that Google Pay does not figure in NPCI’s list of authorised ”payment systems operators” released on March 20, 2019. Google has contended, in its reply filed through advocate Himanshu Vij, that it works within the NPCI regime and … Google has contended, in its reply filed through advocate Himanshu Vij, that it works within the NPCI regime and … 4. Therefore, its operations are not in violation of the Payment and Settlement System Act of 2007. A payment system is a system that enables payments to be effected between a payer and a beneficiary, and involves the process of clearing, payment or settlement, or all of them. NFS – NPCI. 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