In an affidavit filed before the Supreme Court, the Reserve Bank of India (RBI) has said that companies like WhatsApp, Google and Amazon have to abide by rules and regulations set by the National Payments Corporation of India (NPCI) for operating Unified Payments Interface (UPI) services, and that the central bank is not the authority responsible. Bar and Bench was the first to report the development. The affidavit was filed in a plea by Communist Party of India Member of Parliament Binoy Viswam. The petition has sought the top court's intervention to ensure that tech giants like Google, WhatsApp and Amazon do not mis-use data that is collected by them by their respective apps on the UPI platform. It asked that the court to direct the RBI and NPCI to ensure that tech giants who operate UPI services do not collect and share data with their parent companies or third parties. While Google offers UPI via Google Pay and Amazon provides UPI payments through Amazon Pay, WhatsApp recently got clearance to operate WhatsApp Pay. The RBI says that since the NPCI has allowed Amazon, Google and WhatsApp to operate UPI services, the retail payments organisation is the sole entity responsible for ensuring that the companies comply with all rules and regulations. "They are not system providers as defined in Section 2(q) of the PSS Act, i.e. authorised payment system operators, and therefore they do not fall under the regulatory domain of RBI directly. On the other hand, NPCI is the…
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