How secure is Google Pay for transactions?
Earlier this month, a case was filed in the Delhi High Court against Google Pay for serious violations. Let's find out in detail -
A case was filed in the Delhi High Court against Google Pay for serious breach of rules. The Delhi High Court had sent notices to the Center, the Reserve Bank and Google India Digital Services Pvt Ltd in the wake of the case. But did Google Pay finally get banned because of the lawsuit?
Google Pay has made it clear in a statement that this online payment or fund transfer service is not banned in India and is as valid as other recognized UPI based apps in the country.
According to the company, Google Pay, like a third party app provider (TPAP), which provides online financial transaction services under the banking partner and NPCI's UPI option, like other TPAP dependent apps. Any transaction made using the app of any TPAP third party app provider is completely secure.
Incidentally, the guidelines of the National Payments Corporation of India (NPCI) have already stated that no company can force or coerce a customer to create a VPA or a new UPI ID. But according to Shubham Kapal, who filed a case against Google Pay in the Delhi High Court, the company did not abide by the rules or instructions in the case.
In response to the lawsuit, the Reserve Bank informed the Delhi High Court that Google Pay is a third party application provider platform (TPAP). As such, Google Pay's transactions do not in any way violate the Payment and Settlement System Act of 2006.
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