npci list of authorised payment systems operators

GPay does not figure in NPCI’s list of authorised “payment systems operators” released on March 20, 2019. Google India Digital Services Pvt Ltd has told the Delhi High Court that its Google Pay app does not require RBI authorisation as it is not a payment system operator (PSO) but a third party application provider. The central bank had also informed the court that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by NPCI. ATM Sharing with Co-operative banks – Federal Bank. We would like to clarify that Google Pay is classified as 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. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. Mishra has also contended that GPay does not figure in NPCI”s list of authorised ”payment systems operators” released on March 20, 2019. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on 20 March, 2019. Google Pay not a payment system operator: RBI to HC ... it does not find a place in the list of authorised payment system operators published by the National Payments Corporation of … GPay does not figure in NPCI’s list of authorised “payment systems operators” released on March 20, 2019. The digital payments giant clarified that RBI has assigned NPCI (National Payments Corporation of India) as the Payment System Operator (PSO) of Unified Payments Interface (UPI). RBI had also told the high court that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators. Google India Digital Services Pvt … According to a June 20 report by news agency PTI, the RBI informed the Delhi High Court that Google Pay is a third-party app provider that does not operate any payment systems. It has declared that GPay is not in the list of authorised payment system operators published by the National Payments Corporation of India (NPCI). What is Google Pay? Name of the Authorised Entity Google has contended, in its reply filed through advocate Himanshu Vij, that it works within the NPCI regime and complies with its guidelines and the applicable laws. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. Authorisation of Payment Systems IX.5 The digital mode of payments was facilitated through 87 authorised payment system operators, as on end-June 2017, comprising PPI issuers, cross-border money transfer service providers, white label ATM (WLA) operators, Trade Receivables Discounting System (TReDS) operators, ATM networks, instant money transfer The central bank had also informed the court that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by NPCI. The petitioner, Abhijit Misra, had contended that Google Pay does not figure in NPCI’s list of authorised ”payment systems operators” released on March 20, 2019. Likewise, GPay did not find a place in the list of authorized payment system operators published by the National Payments Corporation of India (NPCI). NPCI, in turn, authorises the payment service provider banks and third party application providers (TPAPs) like Google Pay to conduct transactions on its network, the affidavit said. Google has told the Delhi High Court that its Google Pay app does not require RBI authorisation as it is not a payment system operator (PSO) but a third party application provider. — Tahir Ashraf (@Tahir_A) June 24, 2020 He has also contended that GPay does not figure in NPCI's list of authorised ''payment systems operators'' released on March 20, 2019. The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. Track Latest News Live on NDTV.com and get news updates from India and around the world. NPCI further clarified “RBI has authorised NPCI as a Payment System Operator (PSO) of UPI and NPCI in its capacity as PSO authorises all UPI participants. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. The list of 'Payment System Operators’ authorised by the Reserve Bank of India to set up and operate in India under the Payment and Settlement Systems Act, 2007 is as under: Sr. No. Explaining the statement, NPCI said, “RBI has authorised NPCI as a Payment System Operator (PSO) of UPI and NPCI in its capacity as PSO authorises all … List of Authorised … “Google Pay operates completely within the law. Mishra has also contended that GPay does not figure in NPCI’s list of authorised “payment systems operators”released on March 20, 2019. Mishra has also contended that GPay does not figure in NPCI''s list of authorised ''payment systems operators'' released on March 20, 2019. State wise and Region wise Deployment Of ATMs. Mishra has claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions. Bilateral ATM sharing arrangement with Everest Bank of Nepal – PNB. Response from Google Pay India. Google, in an affidavit, has said the PSO authorised by the Reserve Bank of India (RBI) is the National Payment Corporation of India (NPCI) which is the owner and operator of the entire unified payment interface network. Mishra has also contended that GPay does not figure in NPCI's list of authorised "payment systems operators''released on March 20, 2019. authorised payment system operators, and therefore they do not fall under the regulatory domain of RBI directly. Google has contended, in its reply filed through advocate Himanshu Vij, that it works within the NPCI regime and complies with its guidelines and the applicable laws. Authorisation of Payment and Settlement Systems Operators. The Reserve Bank of India (RBI) has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does not operate any payment systems. DGCA tells NCLT it can't be mandated to give approvals, slots to Jet’s new shareholders RBI has also told the court that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by the National Payments Corporation of India (NPCI). CASHNET – Euronet. Mishra has also contended that GPay does not figure in NPCI''s list of authorised ''payment systems operators'' released on March 20, 2019. Mishra has claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions. As per RBI Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by the National Payments Corporation of India (NPCI). He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. Mishra has claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions. RBI has also told the court that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by the National Payments Corporation of India (NPCI). Online payment systems has to be authorised by RBI. RBI has authorised NPCI as a Payment System Operator (PSO) of UPI and NPCI in its capacity as PSO authorises all UPI participants. “They are not system providers as defined in Section 2(q) of the PSS Act, i.e. NFS – NPCI. So, its operations are not in violation of the Payment and Settlement System Act of 2007. Mini. Mishra has claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions. Mishra has also contended that GPay did not figure in the NPCI's list of authorised ''payment systems operators'' released on March 20, 2019. As a example, list of Authorized ATM network operators: BANCS – Bank of India. Retail Electronic Payment Systems Data. 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 the Reserve Bank of India (RBI) has authorised NPCI as a Payment System Operator … But, it is a third-party app provider (TPAP), that too, an authorised one that also supports UPI transaction. operating a payment systeAs at the end of m. 2018 there were authorised non89 -bank Payment System Operators (PSOs) (Annex I).The list of payment systems, peratorso and the permitted type of participants is at Annex II. The tech giant, in an affidavit, has said the PSO authorised by the RBI is the National Payment Corporation of India (NPCI) which is the owner and operator of the entire unified payment interface (UPI) network. A Google spokesperson said that the RBI has not said that GPay is unauthorised or not legally compliant. Mishra has also contended that GPay does not figure in NPCI”s list of authorised ”payment systems operators” released on March 20, 2019. RBI has also told the court that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by the National Payments Corporation of India (NPCI). The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22. State Bank Group Payment, State Bank Group ATM network, Agency Clearing System for State Bank Group – SBI. Application Form and Instructions for Authorisation under PSS Act. Mishra has also contended that GPay does not figure in NPCI”s list of authorised ”payment systems operators” released on March 20, 2019. The central bank had also informed the court that since Google Pay does not operate any payment system, it does not find a place in the list of authorised payment system operators published by NPCI. The petitioner, financial economist Abhijit Mishra, had also contended that G-Pay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019. For a better idea, Google Pay isn't a Payment System Operator (PSO), NPCI is. This means NPCI has the power to authorize whether a service can offer UPI services or not. Large Value Clearing and Settlement Systems Data.