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Tuesday, June 30, 2020

RBI bans Google Pay in India? What big announcement did the Indian government make?

RBI bans Google Pay in India? What big announcement did the Indian government make?


Google Pay has not been banned, said National Payment Corporation of India, a state-owned company that handles online payments in India.

Google Pay has been trending on social media recently. The three hashtags #GPayBanned By RBI, #GPay Is Illegal and #Google Pay associated with Google Pay were trending. The tweet associated with the hashtag said the RBI had banned Google Pay. Google Pay is illegal. Some also shared a link to the hashtag, claiming that the RBI had banned payment app Google Pay.

Clarification of what NBCI did
Google Pay has not been banned, said National Payment Corporation of India, a state-owned company that handles online payments in India. This is just a rumor. Google is a payment system operator and is completely legal, NPCI said.

Google Pay is a third party app provider that operates within the framework of UPI. The RBI has also confirmed this. The RBI said there was no disaster with the Google Penny payment system. Google has denied the allegations in a statement issued Friday stating "Similar, baseless allegations concerning Google Pay have been made more than once.

Google Pay also released a statement
It was being claimed on social media that money transfer from Google Pay is not safe. The Google Pay app is completely illegal and unsafe. Google said in a statement that the rumors were being spread. This makes money transfer completely safe. Google Pay can also be found on NPCI's website. NPCI has also confirmed that Google Pay is a completely legal app.

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