RBI Master Direction On Cyber Resilience & Digital Payment Security for Non-Bank Payment Operators
RBI Master Direction On Cyber Resilience & Digital Payment Security for Non-Bank Payment Operators
RBI Master Direction On Cyber Resilience & Digital Payment Security for Non-Bank Payment Operators
Reserve Bank of India (RBI) released the "Master Directions on Cyber Resilience and Digital Payment Security Controls for Non-Bank Payment System Operators" on July 30, 2024. The directions are intended to strengthen the security and resilience of payment systems operated by non-bank Payment System Operators (PSOs) against changing cyber threats.
Important Highlights
Important Highlights
Scope and Applicability
Scope and Applicability
Scope and Applicability
The guidelines are applicable to all authorized non-bank PSOs. They also apply to unregulated entities in the digital payments ecosystem, including payment gateways and third-party service providers, highlighting the requirement for PSOs to oversee cyber risks emanating from such associations.
The guidelines are applicable to all authorized non-bank PSOs. They also apply to unregulated entities in the digital payments ecosystem, including payment gateways and third-party service providers, highlighting the requirement for PSOs to oversee cyber risks emanating from such associations.
The guidelines are applicable to all authorized non-bank PSOs. They also apply to unregulated entities in the digital payments ecosystem, including payment gateways and third-party service providers, highlighting the requirement for PSOs to oversee cyber risks emanating from such associations.
Governance Structure
Governance Structure
Governance Structure
PSOs are tasked with instituting effective governance measures to determine, evaluate, track, and contain cybersecurity risks. This also entails the creation of Board-approved policies for implementing adherence to the instructions by affiliated unregulated organizations.
PSOs are tasked with instituting effective governance measures to determine, evaluate, track, and contain cybersecurity risks. This also entails the creation of Board-approved policies for implementing adherence to the instructions by affiliated unregulated organizations.
PSOs are tasked with instituting effective governance measures to determine, evaluate, track, and contain cybersecurity risks. This also entails the creation of Board-approved policies for implementing adherence to the instructions by affiliated unregulated organizations.
Minimum Security Measures
Minimum Security Measures
The instructions instruct for minimum security measures and promote compliance with the new standards for safety and security for payment systems.
The instructions instruct for minimum security measures and promote compliance with the new standards for safety and security for payment systems.
The instructions instruct for minimum security measures and promote compliance with the new standards for safety and security for payment systems.
Implementation Schedule
Implementation Schedule
The instructions became effective on July 30, 2024. To give sufficient time for compliance, a phased implementation schedule has been prescribed, permitting PSOs to put in place the required structures of compliance within stipulated timelines.
The instructions became effective on July 30, 2024. To give sufficient time for compliance, a phased implementation schedule has been prescribed, permitting PSOs to put in place the required structures of compliance within stipulated timelines.
The instructions became effective on July 30, 2024. To give sufficient time for compliance, a phased implementation schedule has been prescribed, permitting PSOs to put in place the required structures of compliance within stipulated timelines.
These Master Directions reflect the RBI's intent to secure the integrity and safety of India's digital payment ecosystem by strengthening the cyber resilience of non-bank PSOs.
These Master Directions reflect the RBI's intent to secure the integrity and safety of India's digital payment ecosystem by strengthening the cyber resilience of non-bank PSOs.
These Master Directions reflect the RBI's intent to secure the integrity and safety of India's digital payment ecosystem by strengthening the cyber resilience of non-bank PSOs.
Mandatory regulated entities under RBI’s Cyber Resilience Mandate
Mandatory regulated entities under RBI’s Cyber Resilience Mandate
Mandatory regulated entities under RBI’s Cyber Resilience Mandate
Large Non-Bank PSOs
Medium Non-Bank PSOs
Small Non-Bank PSOs
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CastlerCode is a groundbreaking cloud-native software escrow solution. It offers seamless integration, automates source code deposits, and grants you secure access from anywhere, anytime. CastlerCode is amongst the world's first cloud-native software escrow solution offering cloud-storage for Software, Source-Code & SaaS in an escrow environment.
Other Business Solutions
Castler Escrow Banking, India's Largest Escrow-as-a-Service Platform, automates the Escrow account management and improves the user experience for managing payments and settlements. By leveraging technology to streamline these transactions, Castler makes the process more efficient, secure and convenient for its users.
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Copyright @2025 Castler. All rights reserved.
Made in India 🇮🇳
CastlerCode is a groundbreaking cloud-native software escrow solution. It offers seamless integration, automates source code deposits, and grants you secure access from anywhere, anytime. CastlerCode is amongst the world's first cloud-native software escrow solution offering cloud-storage for Software, Source-Code & SaaS in an escrow environment.
Other Business Solutions
Castler Escrow Banking, India's Largest Escrow-as-a-Service Platform, automates the Escrow account management and improves the user experience for managing payments and settlements. By leveraging technology to streamline these transactions, Castler makes the process more efficient, secure and convenient for its users.
Talk to our Experts
Software Escrow
Escrow Solution
Information Escrow
IP Protection
Document Escrow
Trade Secret Escrow
Register Data Escrow
Data Escrow
Intellectual Property Archive
Intellectual Property Audit
Verification Service
L1 Verification
L2 Verification
Copyright @2025 Castler. All rights reserved. Made in India 🇮🇳