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JSA Update – FinTech

RBI’s Master Direction on Digital Payment Security Controls: Highlights and Implications

The Reserve Bank of India (“RBI”) has recently notified the RBI (Digital Payment Security Controls) Directions, 2021 (“Directions”) to ensure that regulated entities (“REs”) implement certain common minimum standards of general and specific security controls for channels such as internet banking, mobile banking and card payments.

Please refer to this Update for the key requirements set out under the Directions and their likely (indirect) implications for non-REs.

For further details, please contact [email protected]