RBI - PREPAID PAYMENT INSTRUMENTS (PPI)
Prepaid payment instruments are methods that help to purchase goods and services against the value stored on such instruments. The value stored on such instruments represents the value paid for by the holder, by cash, or by credit card ,or by debit to a bank account.
Due to digitization of payments in India, the use of alternate modes of payment, specifically e-wallets has increased.
Why is Audit Required?
The Reserve Bank of India has laid down a framework for the Payment Instrument Providers and made it compulsory to comply to the master directions, so that the customers can rely on the proper and risk-free transaction methods.It is mandatory for PPI issuers to be audited yearly inorder to get PPI license.
Xiarch conducts CISA Audit and helps the PPI issuers by providing them with the necessary suggestions and recommendations needed to strengthen their security posture.
If your organization uses Prepaid Payment Instrument,It is mandatory to undertake this audit and protect your company’s valuable assets.
Xiarch is an ISO 9001:2015 | ISO 27001-2013 licensed Cyber Security Company and IT Services Company with solutions providers in Information Security like VAPT Services, Penetration Testing Services, Vulnerability Assessment Services, Among our consumers we proudly work for Government Organizations, Fortune one thousand Companies and countless start-up companies. We are additionally Value Added Partners, Authorized Re-sellers & Distributor of Leading Web Application Security Testing Tools.
We are headquartered in Delhi and have branch presence in Gurugram, Mumbai and Chennai - India
Interested in our RBI PPI Audit?
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Xiarch Solutions Private Limited
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