The Reserve Bank of India (RBI) will issue cybersecurity norms for payment service providers (PSPs) soon, following a series of data breaches faced by operators including Mobikwik and payment aggregator JusPay.<\/p>\n\n\n\n
While the standards for fintech-driven payment services providers will be similar to cyber hygiene norms issued recently for banks and non-banking finance companies (NBFCs), the RBI is quite clear that firms will have to do more than observe the minimum standards to ensure safety as digital transactions gain further traction.<\/p>\n\n\n\n
The National Payments Corporation of India (NPCI) had laid down a framework for a more even distribution of share of third-party app providers in the UPI system.<\/p>\n\n\n\n
The National Payments Corporation of India (NPCI) is an umbrella organisation for operating retail payments and settlement systems under the ownership of Reserve Bank of India in India.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Reserve Bank of India (RBI) will issue cybersecurity norms for payment service providers (PSPs) soon, following a series of data breaches faced by operators including Mobikwik and payment aggregator JusPay. Daily Current Affairs Quiz 2021 While the standards for fintech-driven payment services providers will be similar to cyber hygiene norms issued recently for banks […]<\/p>\n","protected":false},"author":404,"featured_media":41411,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1403],"tags":[64],"offerexpiration":[],"class_list":["post-41410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2021","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=41410"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41410\/revisions"}],"predecessor-version":[{"id":41412,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/41410\/revisions\/41412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/41411"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=41410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=41410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=41410"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=41410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}