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India


NPCI responsible for ensuring UPI platforms comply with regulations: RBI tells SC

NPCI responsible for ensuring UPI platforms comply with regulations: RBI tells SC

New Delhi, Jan 28 (UNI) The Reserve Bank of India on Thursday submitted in the Supreme Court that it is the responsibility of National Payments Corporation of India (NPCI) to ensure that companies like Amazon, Google and WhatsApp operate in compliance with laws governing Unified Payments Interface (UPI).
RBI said this in connection with an affidavit filed in a plea by Rajya Sabha MP Binoy Viswam accusing the bankers' bank and the National Payments Corporation of India of ‘compromising’ the delicate information of Indian customers on UPI platforms.
The affidavit mentioned that the central bank has not given authority or approval to Third Party App Provider (TRAP).
It contended that NPCI allowed Amazon, Google and WhatsApp to operate under UPI, so the responsibility to ensure that these entities comply with all the rules/regulations/guidelines governing UPI lies with NPCI.
The NPCI has been advised to not permit full scale operation with regard to WhatsApp till the time they were full compliant with the requirements of the RBI directions – "NPCI subsequently allowed 'go live' of WhatsApp on UPI only after ensuring that WhatsApp was fully compliant with the circular", the affidavit stated.
The Top Court posted the matter for hearing on February 1.
Earlier, on October 15, the Supreme Court issued notice to the Centre, RBI, Amazon, Google and Facebook.
UNI SV PS2003

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