RBI guidelines play a crucial role in regulating Payment Aggregators (PAs) and Payment Gateways (PGs). These guidelines ensure that PAs and PGs adhere to strict standards, safeguarding customer data and promoting secure transactions. By establishing clear rules and regulations, RBI guidelines instill trust and confidence in the payment ecosystem, benefiting both service providers and customers.
How it works?
We share audit charter with the auditee highlighting the roles and responsibilities of the audit function as well as the audit objectives.
We provide Auditee a DRL highlighting the required policies and further analysis of the same will be performed in line with the compliance.
Document Requirement List
Quantitative/Qualitative Risk Assessment will be conducted for every business process in scope and risk will be analyzed.
Identification & Analysis
Action points as well as risk response methodology will be suggested via GAP Assessment Report and an action plan will be asked from the auditee.
We conduct review again post-deployment of the mitigations.
Do you know?
The global payment aggregator and gateway market is expected to reach.
CAGR growing between 2016 and 2022.
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Guidelines on Regulation of Payment Aggregators and Payment Gateways
(DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020)
Directions for opening and operation of Accounts and settlement of payments for electronic payment transactions involving intermediaries DPSS.CO.PD.No.1102 /02.14.08/ 2009-10
Clarification issued by RBI on circular DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 (as updated from time to time) on “Guidelines on Regulation of Payment Aggregators (PAs) and Payment Gateways (PGs)
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