New Delhi: Google on Friday denied the claims made in sure media experiences that its Google Pay app is sharing Indian prospects’ transaction knowledge with third events.
Citing an affidavit filed earlier than a bench of Chief Justice D.N. Patel and Justice Prateek Jalan in Delhi Excessive Courtroom, a bit of the media mentioned that Google has informed the court docket that it’s allowed to share prospects transaction knowledge with third events with the prior permission of the Nationwide Funds Company of India (NPCI) and fee service offering (PSP) banks.
The affidavit was filed in response to a public curiosity litigation (PIL) looking for motion in opposition to Google Pay for allegedly violating the Reserve Financial institution of India (RBI) pointers associated to knowledge storage and sharing.
“This is to clarify that press reports on the basis of the affidavit filed by Google before the Delhi High Court, do not represent the complete facts,” a Google spokesperson mentioned in an announcement.
“We would like to put it on record that Google Pay is in full compliance with Unified Payment Interface (UPI) procedural guidelines, issued by the National Payments Corporation of India (NPCI) and the applicable laws and does not share customer transaction data with any third party outside the payments flow,” the corporate spokesperson added.
The excessive court docket has listed the matter for listening to on November 10.
Earlier this week, Google Pay in collaboration with Visa and banking companions rolled out tokenisation throughout its platform, enabling customers to soundly transact with their playing cards and use Faucet-to-pay characteristic on near-field communication (NFC)-enabled level of sale (POS) terminals and on-line retailers.
The characteristic is now out there to customers of Axis and SBI Card, with Kotak and extra banks anticipated to observe swimsuit very quickly.
With tokenisation, Google Pay Android customers can use their debit or bank card to make funds by a safe digital token connected to their cellphone with out having to bodily share their credit score or debit card particulars.
Google Pay Rolls Out NFC-Based mostly Tokenised Card Cost In India