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Google Pay says all transactions 'fully protected'

Google Pay on Wednesday said all transactions made through its platform are fully protected by redressal processes laid by RBI and NPCI. Earlier this month, RBI said that Google Pay does not operate any payment systems and therefore, its operations are not in violation of the Payment and Settlement System Act of 2007.

The statement comes against the social media buzz that issues that might arise while transferring money through Google Pay cannot be redressed under law as the app is unauthorised.