Google does the same thing in Google Pay Indian version. Government mandated that no one app can have more than 25% transaction volume of the country for UPI. So Google partnered with 4 banks, essentially having 4 UPI apps in the eyes of government.
Google does the same thing in Google Pay Indian version. Government mandated that no one app can have more than 25% transaction volume of the country for UPI. So Google partnered with 4 banks, essentially having 4 UPI apps in the eyes of government.
Also the Google Pay analogy seems off. Telegram backdooring free access to Google Translate is not at all the same as Google partnering with 4 banks for transaction processing. One is totally unofficial, the other is an actual partnership.
For Google Pay, what Google is doing is actually not legal. Government wanted each third party (non bank) app to be restricted to 25%. Google will get in trouble when government actually starts cracking down (and when they get close to the 25% mark). We don't know how government is looking at them, because they're under threshold anyway. The legal way for GPay to handle over 25% of total transactions is to register at least as a Payment Bank.