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Is Google pay illegal?

  • Google Pay is an online money transactions platform available on all non-rooted Android devices (Lollipop 5.0+).
  • It works as a technology service provider to partner banks, to allow payments via UPI.
  • GPay uses Google’s Artificial Intelligence and fraud prevention technology to identify suspicious transactions in real-time.
  • Amid reports that Google Pay is not in the list of authorised payment system operators published by the National Payments Corporation of India (NPCI),
  • Google's online payment app has clarified that RBI has authorised NPCI as a Payment System Operator (PSO) of UPI and the NPCI in its capacity as PSO authorises all UPI participants.
  • Google Pay has said that it is classified as a Third-Party App Provider (TPAP) that also provides UPI payment services like many others, working through banking partners and operating under the UPI framework of NPCI.
  • All authorised TPAPs are listed on the NPCI Website.
  • All transactions made using any of the authorized TPAPs are fully protected by the redressal processes laid out by applicable guidelines of NPCI/RBI and customers already have full access to the same.
  • Google clarified that all authorised TPAP’s are already bound by full compliance to all the regulations and applicable laws in India.
  • UPI ecosystem is fully safe and secure, and they appeal to the citizens not to fall prey to such malicious news.
  • They also request UPI customers not to share their OTP (one time password) and UPI Pin with anybody.

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