Delhi High Court asked RBI and Google India Digital Services (P) Ltd to file a reply on the plea alleging Google Pay not being listed as an authorised operator as per a list of the ‘Payment System Operators.’
New Delhi:
A division bench of Chief Justice Rajendra Menon and Justice Anup Jairam Bhambhani issued notice to the RBI and Google India Digital Services Private Limited on a PIL filed by Abhijit Mishra.
The petitioner has sought direction to the RBI to stop Google Pay operation in India.
He has requested the court to impose penalties on the Google India Digital Services Private Limited for unauthorised operation in India. The petitioner in his plea said he is concerned with the welfare of Indian economic and banking system in the view of the privacy of Indian citizens.
He said Google Pay is doing unauthorised operation in India as per the Payment and Settlement Systems in defiance of the Section 4 sub section 1 of the Payment and Settlement Systems Act, 2007, published by RBI on Mar 20, 2019.
“Google Pay complies with all applicable legal requirements. It operates as a tech service provider to its partner banks, to allow payments through the UPI infrastructure, and is not part of payment processing or settlement,” a Google spokesperson said.
RBI to take time to examine LVB-IHFL merger deal: Sources
The Reserve Bank of India (RBI) may take more time to examine the Lakshmi Vilas Bank (LVB) and India Bulls Housing Finance Ltd (IHFL) merger deal, an official source said on Wednesday. “It (LVB-IHFL merger) may take time for examination,” a source said, adding the central bank may seek more information also on the proposed merger after going through the proposals from the entities.
An email sent to the RBI on the issue has not elicited any response so far.