The clarification has been provided by Google India in a clarification to the court. In fact, Google India told the Delhi High Court that Google Pay (GPAY) does not need to have RBI authorization as it not a payment system operator (PSO). Google Pay is just a third party application provider and does not have a wallet of its own.

This Google statement came in response to a PIL filed stating that Google was facilitating financial transactions without RBI authorization. According to Google, NPCIL is the PSO and Google Pay is only a service provider. Google confirmed that as per RBI’s latest circular, it has already ensured that all the customer data is resident in India only.