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      • Google Pay Not Protected By The...
      Fast Check

      Google Pay Not Protected By The RBI? Viral Claim Is False

      The claim misrepresents a story, saying the GPay is not protected by the RBI since it is not a payment systems operator.

      By - Mohammed Kudrati |
      Published -  10 July 2021 5:47 PM IST
      • Boomlive

      Claim

      Google Pay Is Not A Payment System Operator And Is Thus Not Protected By The RBI

      FactCheck

      The claim misrepresents a story in India Today where Google Pay tells the Delhi HC that it is not a payments operator but an authorised third-party provider of UPI and was viral in 2020. BOOM found that while UPI is developed for banks, third-party entities can facilitate them through banking partners called 'PSPs', making UPI transactions secured and eligible for redressal through the RBI.

      To Read Full Story
      Claim :   Transactions on Google Pay are not protected by the RBI
      Claimed By :  Users of social media
      Fact Check :  False
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