Alibaba backed digital payments company Paytm has trained its guns on Google Pay, asking the NPCI, a bank-owned entity which operates the UPI payments system in India, to "revisit the Payment Policy of Google Pay for India". Both an NPCI representative and a Paytm representative have verified the authenticity of the letter, which was sent via email at around 4pm yesterday by Sonia Dhawan, VP at Paytm, to NPCI CEO Dilip Asbe, with a copy to Ajay Sawhney, Secretary MEITY. Paytm has targeted WhatsApp before, and some of its allegations were legitimate then, WhatsApp's launch is being stalled owing to a push for data localisation (from Paytm), and concerns around data sharing, which Paytm has also raised in this letter. The text of Paytm's letter is transcribed below, and we've added for your reference, a copy of Google's Terms which Paytm has criticised. On Paytm's Allegations In the letter, Paytm makes the following specific allegations (our comments in-line): 1. That Google Pay is unregulated, saying that "Google Pay is an unregulated payments platform" MediaNama's take: This allegation is factually incorrect. Google Pay might be unlicensed, but it is not unregulated. Google Pay, as well as all digital businesses operating in India are governed by Indian laws, including the IT Act, which covers all technology companies. While it is true that UPI apps like Google Pay are unlicensed, UPI itself has a stringent regulatory mechanism, as per which not everyone can launch a UPI app: there is a whole set of…
- India’s Health Stack: Plans for “Single Source Of Truth” January 30, 2023
- Twitter plans to limit permanent account suspensions on its platform January 30, 2023
- What’s the deal with Andhra Pradesh’s new family doctor system? January 30, 2023
- Supriya Shekher on Rethinking Privacy Mandates In Antitrust Law | Meta India Tech Scholars 2021-22 January 30, 2023
- Private Explosives Manufacturer Hired By Defence Ministry Hit By Suspected Ransomware Attack January 30, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...