New Delhi, June 26: Google pay is trending on twitter on a deceptive WhatsApp message that appears to be circulating social media.
“GPayBanned By RBI”, accompanied by information that the Reserve Bank stated that Google Pay was not a funds system operator has been trending for over three days now. Nonetheless, the NPCI has issued a press release confirming that Google Pay is authorised and safe.
The development has doubtless stemmed from a report from earlier this week, whereby a Press Belief of India report quoted the Reserve Bank of India as stating that Google Pay doesn’t function a fee system in India, and therefore doesn’t discover a place within the checklist of authorised fee system operators revealed by the Nationwide Funds Company of India (NPCI).
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Nonetheless, responding to the claims, on June 24, Google Pay India stated, “Google Pay operates utterly throughout the legislation. We work as a know-how service supplier to accomplice banks, to permit funds through UPI. UPI apps within the nation are categorised as ‘third celebration apps’, and should not required to be ‘fee methods operators’.”
Google Pay says it really works with banks to permit funds through UPI, transactions totally protected
“Some quotes on social media, wrongly attributed to the RBI, declare that points arising whereas transferring cash by Google Pay should not protected by the legislation, because the app is unauthorised. That is incorrect and will be verified on NPCI”s web site,” a Google spokesperson’s advised PTI.
“All transactions made through Google Pay are totally protected by redressal processes laid out by relevant tips of the RBI/NPCI, and customers can attain out for any assist 24/7, by Google Pay buyer care,” the assertion added.