RBI DPSC - Master Direction on Digital Payment Security Controls

The Master Direction by the RBI on the Digital Payment Security Controls was released recently. These security controls are applicable for regulated entities such as scheduled commercial banks, payment banks, small finance banks and credit card issuing NBFCs. RBI DPSC enables customers to securely conduct digital payments.

This Checklist will list down the following –

• RBI stated comprehensive guidelines and regulatory measures outlining specific control details pertaining to financial institutions’ operations and compliance requirements.
• Role of RASP based security and how it helps to stay in compliance with the  RBI stated controls 
• How RASP based security solution can help you