Reported by: banking|Updated: May 2, 2016
NPCI has launched the Unified Payment Interface (UPI). It is a major milestone in the journey of mobile payments. It is a small step for banks and their customers, but it is a giant leap for the nation. 19 major banks have already joined the UPI platform and more are set to join soon. UPI offers several benefits to various stake holders in the ecosystem. It is also expected to accelerate the growth of cashless transactions and thereby reduce the negative implications associated with cash.
For UPI to be successful, every participant has to ensure that all relevant security measures are in place. UPI is a tremendous national asset and its underlying infrastructure and the user community have to be secured from the severest of threats. This is most relevant for banks.
Banks are not only the primary gateways for the mobile payments, they are also the holders of a lot of financial and non-financial information about the customers. The ownership of data puts a huge responsibility for security and privacy on the banks.
Banking Frontiers is organizing a roundtable of payments and security heads of banks to discuss the security perspectives associated with UPI including encryption, digital signatures, HSM, app security, etc. We look forward to your participation and contribution in this collaborative learning exercise.
Venue : Sofitel BKC, Petit Salon Voltaire, BKC, Bandra East, Mumbai
Date : Wednesday, May 11, 2016
Time : 9 am to 11 am
Saaniya Naik : 77380 88612 [email protected]
Ashish Verma : 77386 15499 [email protected]
Durgesh Nadkarni : 90044 46026 [email protected]