• Thursday, April 25, 2024

Business

Google Pay alleged to operate without authorisation in India

The court asked the Reserve Bank of India (RBI) how Google’s mobile payment application, GPay, was facilitating financial transactions in the country without necessary authorisation from the bank (Photo: LEON NEAL/AFP/Getty Images).

By: Radhakrishna N S

AN Indian court today (11), has issued a notice to the central bank and Google India following a public interest litigation (PIL).

The court asked the Reserve Bank of India (RBI) how Google’s mobile payment application, GPay, was facilitating financial transactions in the country without necessary authorisation from the bank.         

The Delhi High Court issued the notice to Google and RBI seeking their stand on the petition filed by Abhijit Mishra, who claimed that GPay is not listed in the central bank’s list of authorised “payment systems operators”. 

The petitioner said the Google application was acting as a payments facilitator in violation of the Payments and Settlements Act as it has no valid authorisation from the RBI. 

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