RBI PSS Audit

The RBI PSS Act, 2007 governs India’s Banking Payment and Settlement Systems. It excludes banks but includes payment gateway vendors as PSS providers. These providers must obtain RBI PSS Compliance certification. The Act mandates quick, safe, and efficient money transfers to any bank account via online transactions using credit or debit cards. This Act authorizes and regulates online payments in India.

Who Should Obtain PSS Audit Following The RBI Guidelines?

Every Payment System operator who is authorized under the Payment and Settlement Systems Act 2007 must attain certification by getting their systems reviewed (audited) regularly.

Need for PSS Audit

A PSS Audit is required to verify the security and efficiency of the payment system operator’s technology, as per RBI guidelines.

Why Choose Panacea?

Payment Gateway providers must adhere to the RBI PSS Act 2007. With our consultants’ expertise in these requirements, Panacea InfoSec is ideal for achieving RBI PSS Compliance certification.

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