https://www.taxtmi.com/news?id=26346 The Reserve Bank directs Payment System Operators to implement governance and compliance measures-prudent risk management, robust IT and cyber resilience, enforceable outsourcing agreements with audit rights, prompt transaction reconciliation and accessible grievance redress (including RBI's ODR)-while operationalising safeguards such as additional authentication, tokenisation and card data restrictions; expand access to centralised settlement systems; enhance transparency in PPI, PA and TReDS markets; upgrade legacy systems; and support internationalisation of UPI and RuPay under Payments Vision 2025. en-us Mon, 20 Mar 2023 09:48:09 +0530 Mon, 20 Mar 2023 09:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26346 The Reserve Bank directs Payment System Operators to implement governance and compliance measures-prudent risk management, robust IT and cyber resilience, enforceable outsourcing agreements with audit rights, prompt transaction reconciliation and accessible grievance redress (including RBI's ODR)-while operationalising safeguards such as additional authentication, tokenisation and card data restrictions; expand access to centralised settlement systems; enhance transparency in PPI, PA and TReDS markets; upgrade legacy systems; and support internationalisation of UPI and RuPay under Payments Vision 2025. News - Mon, 20 Mar 2023 09:48:09 +0530 https://www.taxtmi.com/news?id=26346