The RBI's submissions came in response to a PIL by financial economist Abhijit Mishra who has alleged that Google's mobile payment app, Google
Pay or GPay in short, was facilitating financial transactions without the requisite authorisation from RBI.
Mishra has claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions.
He has also contended that GPay does not figure in NPCI's list of authorised 'payment systems operators' released on March 20, 2019.
The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22.