Govt is turning anti-consumer in digital payments
The regulator has received complaints against Google on six counts for breaking antitrust rules
Section 4 of the Competition Act pertains to abuse of dominant market position
Messenger app has an average monthly download of 30.8 mn
"This is to clarify that press reports on the basis of the affidavit filed by Google before the Delhi High Court, do not represent the complete facts," a Google Pay spokesperson said on Friday
Google Pay introduced tokenisation feature at its Google for India 2019
Paytm suggested the global tech giant's move as hypocritical as Google, too, regularly runs similar scratch card campaigns in India under its Google Pay app
Google should not misuse its dominant position
The Delhi HC issued notice to the Centre, the RBI and others on a plea seeking action against Google Pay for allegedly violating RBI guidelines related to data localisation, storage and sharing norms.
The company's foray into financial services is going to play a key role in the firm becoming profitable and going public
The Jobs was originally piloted in Bangladesh and subsequently launched in Indonesia, under the brand Kormo Jobs. The platform is now available in India, too
Last year, Google also made available a similar offering in India under the brand 'Jobs as a Spot' on Google Pay app
Apart from accelerating its evolution in India, Sameer Nigam, CEO, PhonePe, said, "Covid has been very helpful in customer acquisition, even more than demonetisation"
While top fintech experts agree that there are more opportunities than challenges for the sector, they underline the importance of digital literacy and customer awareness in rural India
The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22
Google India on Thursday said it will work with financial institutions to help merchants get loans via its Google Pay for Business offering.
The clarification came after a buzz on social media that issues arising while transferring money through Google Pay are not protected by law as the app is unauthorised
Nearby Stores spot on Google Pay helps users see which stores, providing essential goods, are open in their vicinity
The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said
The petitioner approached the high court after Google Pay did not allow him to contribute to the PM CARES Fund, without making another VPA or UPI ID on its own app.