[SPAM] Transactions Done Through Google Pay Are Not Authorized By The Reserve Bank of India
The fake post is shared with claims about insecure Google Pay transactions
Below post has been circulating on social media.
Transactions Done Through Google Pay Are Not Authorized By The Reserve Bank of India
Verification: Google Pay and NPCI clarified that Google Pay is a third-party app enabling UPI transaction protected by law
Misinterpretation of the article on Google pay by India Toady is shared with false claims on social media. The message is also being circulated on Whatsaap. Check the links below that clarifies that the transactions through Google Pay are secured. Official authorities have shared their statements to make it clear.
Google Pay is a third-party app enabling UPI payments: Read more
All transactions fully protected under RBI, NPCI guidelines: Google Pay: Read more
Google Pay says it works with banks to allow payments via UPI, transactions fully protected: Read more
A procedural document that defines the procedural guidelines
framed under the provisions of Payment and Settlement System
Act, 2007 and are binding to all members of Unified Payments
Interface: Read more
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 India (@GooglePayIndia) June 24, 2020
— Google Pay India (@GooglePayIndia) June 27, 2020
Read more in detail @ BOOMLive
Google Pay is not banned by RBI, your transactions are safe: Read more
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Post Date: 27 June 2020
Post ID: #77137