RBI Guidelines for Payment Aggregators & Payment Gateways
What are PAs & PGs?
PAs are entities that facilitate e-commerce sites and merchants to accept various payment instruments from customers for the completion of their payment obligations without the need for merchants to create a separate payment integration system of their own.
PGs are entities that provide technology infrastructure to route and facilitate the processing of an online payment transaction without any involvement in the handling of funds.
PGs are entities that provide technology infrastructure to route and facilitate the processing of an online payment transaction without any involvement in the handling of funds.
How it works?
Audit Methodology
We share audit charter with the auditee highlighting the roles and responsibilities of the audit function as well as the audit objectives.
Audit Initiation
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
Then the 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.
Risk Response
Then we conduct review again post-deployment of the mitigations.
Post-Deployment
Review
Do you know?
Want a quick Audit?
RBI Sections Referred
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)
Detect & prevent attacks, before they succeed.
Stay ahead of the rapidly evolving threat landscape and keep your data protected without having to spend a fortune.
What do you get?
Audit Draft
Report
Draft report of the audit emphasizing the initial discoveries/findings.
Remediation
Support
Through a GAP Assessment Report, remediations to the identified non-compliant controls will be advised.
Final Audit
Report
A comprehensive report that elaborates the final audit findings.
Compliance
Letter
A letter that confirms that the requirements are met and all the applicable controls/regulations are fulfilled.
Take a peek into sample report
Our deliverables are comprehensive in nature that addresses both technical and business audiences.
Have you implemented the right security practice?
TRUST WE GAINED
