Search Results

{{searchSuggestion.title}}
{{searchSuggestion.date}}

No Result Found.

Fact Check: Viral claim that Google Pay is not authorized by RBI is false

  • Share

Summary

The claim that the online money transactions platforms, Google Pay is not authorized by the Reserve Bank of India is fake. 

Recently, a message went viral on social media claiming that transactions that are done through online money transactions platform, Google Pay is not authorized by the Reserve Bank of India. The message further warns to exercise caution while using Google Pay.

A Twitter user shared the viral message which reads as "RBI declared that if any issue arises while transferring amount thru Gpay one cannot claim as the same is not in the list of the authorised payment system by NATIONAL PAYMENTS CORPORATION OF INDIA. Be cautious before using Google pay. Any payment-related issues or frauds emanating due to Google pay will be outside the purview of RBI..Just be careful" 

The message went viral after an India Today report on the RBI telling the Delhi High Court that Google Pay is not a payment system, rather it is a third-party app provider of the UPI, in response to public interest litigation. The report was misinterpreted, following which a number of people made similar claims

However, Google Pay responded to the rumour and clarified that it is a technological platform, enabling payments through UPI. Being a third party application enabling UPI payments - its services are not in violation of the Payments and Settlement Systems Act, 2007 (PSSA). Further, it has said that UPI transactions carried out on its app are secure as per the applicable guidelines laid down by the RBI and the NPCI.

"Google Pay operates completely within the law. We work as a technology service provider to partner banks, to allow payments via UPI. UPI apps in the country are categorized as 'third party apps', and are not required to be 'payment systems operators'. Google Pay said in a statement.

In another statement, Google Pay said "some quotes on social media, wrongly attributed to the RBI, claim that issues arising while transferring money through Google Pay are not protected by the law, since the app is unauthorised. This is incorrect and can be verified on NPCI's website".

As per an NPCI statement shared by a Google Pay spokesperson, 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. Further, we would also like to clarify 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 we appeal to the citizens not to fall prey to such malicious news. We also request UPI customers not to share their OTP (one time password) and UPI Pin with anybody.”

Here is the list of third-party apps in which one can see that Google Pay is a verified third-party app enabling UPI payments.

In conclusion, the claim that the online money transactions platforms, Google Pay is not authorized by the Reserve Bank of India is fake. 

Note: You can reach out to us at support[at]facthunt.co.in if you find any issue with our articles.


COMMENTS

{{comment.user.fname}} {{comment.user.lname}}, {{comment.date}}

{{urlify(comment.comment)}}.

LEAVE A COMMENT

Please Login or signup to share your views on this article

Support Fact Hunt

YOU MAY ALSO LIKE

Culprits

POPULAR POSTS

Fact Check: Has Central Government decided to not re-open schools until December?
by Samyuktha Mirra 2020-08-14 09:14:44
Fact Check: A video showing a man cuddling with cheetahs falsely shared to be from India
by Anubha Pandey 2020-08-14 08:01:24
Senior journalist Rajdeep Sardesai tweets fake news about former President Pranab Mukherjee Demise
by Himani Joshi 2020-08-13 07:38:25
Fact Check: Video Of New Zealand PM Jacinda Ardern's Visit To A Temple Shared With False Claims
by Himani Joshi 2020-08-12 09:20:31
No, centre has not decided to reopen schools between September 1 and November 14 in phased manner
by Anubha Pandey 2020-08-12 09:01:30
Fact Check: Truth behind the viral video showing Pakistani men uprooting trees
by Anubha Pandey 2020-08-11 18:37:42
The news of Railways shutdown till September 30 is incorrect, says Railway Ministry
by Anubha Pandey 2020-08-11 18:01:48
Fact Check: No, Viral Video Does Not Show Late Captain Deepak Sathe, Air India Express Pilot, Singing
by Himani Joshi 2020-08-11 15:07:07
Fact Check: Shiv Sena party members shared unrelated picture to about water Ambulance
by Samyuktha Mirra 2020-08-11 13:26:38
Did Suhrita Das post condolence message to Rhea Chakraborty hours before Sushant's death?
by Neel Kamal 2020-08-10 21:00:38
Fact Check: Truth behind the viral video of an octopus walking on the sea shore
by Anubha Pandey 2020-08-10 10:18:19
Job advertisement claiming over 5,000 vacancies in Indian Railways is fake, clarifies Railway Ministry
by Himani Joshi 2020-08-10 10:02:06
Fake letters claim PM Modi send 'Rs 50 crore' to Adityanath for early construction of Ram Temple
by Anubha Pandey 2020-08-10 08:32:37
Fact Check: AAP leader Sanjay Sigh tweets a sensationalised fake story
by Samyuktha Mirra 2020-08-10 06:09:49
Fact Check: No, the PM of Israel did not take the responsibility of the blast in Beruit, Lebanon
by Samyuktha Mirra 2020-08-08 06:46:44
Fact Check: Viral image showing blueprint of the Babri Hospital in Ayodhya is morphed
by Anubha Pandey 2020-08-08 04:24:54
Did Aaj Tak run Burnol ad during telecast of Ram Janam Bhoomi poojan
by Anubha Pandey 2020-08-07 19:17:14
No, Sooraj Pancholi is not in the picture with Sushant Singh Rajput’s former manager Disha Salian
by Himani Joshi 2020-08-07 12:07:10
Fact Check: An old video from 2010 being falsely share to show BJP MLA thrashed in Haryana
by Anubha Pandey 2020-08-07 10:13:30
A digitally altered picture is viral in the wake of Times Square billboard displaying Lord Ram's picture
by Neel Kamal 2020-08-06 07:53:00

Mobile App

Available for Android

NEWSLETTER

Subscribe to our newsletter to get notification about new fact checks, feature updates, etc..

Greetings to all our readers. We need your support to keep Fact Hunt up and running. On our 2nd anniversary, we are raising funds for the Fiscal year 2020-21. Please donate generously if you like our work.
For more details visit Fund Raise Page

Rs 100 Rs 200 Rs 500  Rs 1000

 Donate Now

Alternatively you can donate through UPI: facthunt@yesbank or you can support us on Patreon