Tag: GOOGLE PAY

Technology

Delhi High Court Issues Notice To Google Pay For Non-Compliance Of NPCI Order

HT News

A petitioner has sought action against Google India Digital Services Pvt Ltd for not allowing him to send money to PM CARES Fund without making a VPA or UPI ID on its platform. It is denial of interoperability.

Petition against Google Pay

Shubham Kapaley approached the Delhi High Court with his petition seeking action against Google Pay for denying interoperability. He said that he wanted to make payment in PM CARES Fund through Google Pay but the app denied him interoperability and asked him to make another VPA or UPI ID on its app. He also found similar problem while making payments to other accounts.

And he sought a hefty penalty that is at least 10x of revenue of Google Pay be levied on the app and the penalty be added to the PM CARES Fund for fight against COVID-19. But the High Court has yet to hear the matter.

Delhi High Court on Google Pay petition

Justice Asha Menon heard the petition through video conferencing and issued directions to RBI, Centre and Google India Digital Services Pvt Ltd to give reply to its notice. It allowed three weeks to them to respond to the petition.

UPI rules

According to NPCI, merchants have to provide interoperability to allow customers make payments in a hassle-free manner. Also, it clearly states that no merchant can/shall force the customers to create unique VPA or UPI ID for accessing its services.

Source: https://bit.ly/2TaaLCr

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Business

Pay By Reliance Jio UPI-Powered Payment Process

HT News

Reliance Jioannounced its entrance in the UPI-powered payment space. It offered this facility to over 370 million customers through an app update. Available only to selected customers in the beginning, Jio’s UPI payment facility will soon be available for others.

Reliance Jio’s UPI-payment facility

Mukesh Ambani led telecom company is eying into the flourishing market of UPI-payment. Presently this market is ruled by Google Pay, PhonePe, Paytm and several others. Jio would be the first in the telecom companies and second in payment banks to start UPI-payment service. It already has a wallet service called JioMoney. The UPI option has been integrated in the main app MyJio and it works similar to others.

Users will be asked to sign up to get virtual payment address (VPA) with UPI handle @Jio. They would require providing their mobile numbers and debit card numbers attached with their bank accounts for generating UPI PIN. It is anticipated that the new service would be rolled out with the brand name JioPay. Presently Reliance provides autopay facility under JioPay. Under this service, the users are allowed to recharge their phone numbers five-days in advance before their recharges are due or after exhausting 90% data.

WhatsApp working on UPI-payment

The Facebook-owned instant messenger has been in talks with the government to launch its payment service but it is yet to receive a nod from NPCI. There is uncertainty over data localization and other regulatory hurdles. UPI-payment space has grown 3x in 2019 and the battle is expected to further intensify with entrance of new players including Jio and WhatsApp.

Source: https://bit.ly/2RFallF

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