Google pay change payment rull from January 1, 2022, If you use then know the details here
Google pay change payment rull from January 1, 2022, If you use then know the details here.After the announcement of demonetisation in the country by Prime Minister Narendra Modi on November 8, 2016, people suddenly turned towards digital payments. At the same time, in view of the increasing demand for digital payment, a few years after demonetisation, Google introduced its payment service G Pay i.e. Google Pay, which people started using very fast. At the same time, now in view of the cyber fraud happening in digital payment, RBI is going to raise a new rule in Google Pay soon. Actually, RBI has started a new rule regarding Google Pay, which is going to come into effect from January 1, 2022, about which the Reserve Bank of India has given instructions.
Actually, from January 1, there are going to be changes in the transaction on Google. According to the new rules of RBI, you will not have to give your card details on the use of Google Pay app, but you will have to enter your card information on every transaction i.e. you will have to fill the card details every time. Earlier, to use Google Pay, it was necessary to fill in the card details, which Google used to save in its servers.
Now you will be able to make manual payment only once by entering your card details. Whereas to make payment again, you will have to enter your card details again. With such changes, RBI has tried to ensure that sensitive information is not leaked and the incidents of increasing cyber frauds should be curbed.
As far as security is concerned, Google had initially assured that it has been made multi-layer secure. You can keep it safe with Google PIN and Fingerprint. The special thing can be said that this app was specially made for India and it is capable of working with almost all the big banks. At the same time, the company has also given reward points in its use.