Payments Council of India

PCI Hosts World Bank and Saudi Arabia Ministry Delegation on Digital Payments Enhancement The Payments Council of India hosted a delegation from The World Bank and the Ministry of Hajj and Umrah - وزارة الحج والعمرة, Kingdom of Saudi Arabia, as part of a strategic study visit to examine India's digital payment systems. This initiative supports Saudi Arabia's Vision 2030 objectives to increase non-cash transactions and enhance the payments experience for Hajj and Umrah pilgrims. The delegation, led by Marco Nicolì (Sr. Financial Sector Specialist, World Bank) and Mr. Ahmed Omar S Alzahrani, (Director, Ministry of Hajj & Umrah), conducted comprehensive discussions on India's digital payments ecosystem with focus on cross-border payment solutions and pilgrim journey enhancement. Key areas of discussion included: 1. Digital Payments Adoption: Programs promoting digital payments for international travelers, digital financial literacy initiatives, fraud prevention measures, and regulatory frameworks facilitating cross-border payments through Payment Aggregator Cross-Border license holders. 2. Infrastructure and Technology: Digital public goods and key technologies that have enabled India's payment ecosystem success, particularly UPI's widespread adoption and international merchant payment facilitation. 3. Payment Flows and Settlement: Stakeholder mapping for domestic P2P and P2M payments, cross-border P2M payment flows, and clearing and settlement cycles for inward merchant remittances. The study visit forms part of the World Bank's support to Saudi Arabia in developing payment solutions that will benefit MSMEs catering to religious visitors while advancing digital financial inclusion objectives. PCI remains committed to sharing and evangalising India's digital payments expertise to support global financial inclusion initiatives and cross-border payment innovation. Nath Parameshwaran, PayPal I Partha S., Wise I Rishika Taneja, The World Bank I Marco Nicolì , The World Bank I Gaurav Chopra I Saudi Central Bank – SAMA

The Reserve Bank of India (RBI)'s 'Finteract' will be held at RBI, Ahmedabad on April 25, 2025 (Friday). All FinTechs, startups and tech companies, even outside the FinTech space, interested in discussing fintech-related queries in person can seek an appointment by filling in the participants' details (Name, Designation, Mobile, and Email) in this form: [https://lnkd.in/dj-5pCtd] by 2 pm on April 21, 2025. In-person attendance for applicants is only upon email confirmation. Link for virtual participation: https://lnkd.in/dYSnj65p Meeting number (access code): 2510 782 2111 Meeting password: V223e8b3M8p (82233823 when dialing from a phone or video system)

The Payments Dialogue PCI brings you a premier webinar series on the latest in the payments ecosystem. First up: PCI DSS v4.0 – Key Changes & Implementation Strategies. Date: 21st March 2025 Time: 4:00 PM - 5:00 PM Speaker: Nitin Bhatnagar Regional Director - India, South Asia, MENA, PCI SSC Register Now: https://lnkd.in/d7aDDij5 Secure your spot and stay informed!

The webinar on the Draft Digital Personal Data Protection Rules, 2025, hosted by PCI in collaboration with Cyril Amarchand Mangaldas. The Webinar focused on key provisions of the draft rules and their implications for digital payments, aiming to enhance understanding of how these rules operationalize the Digital Personal Data Protection Act, 2023. https://lnkd.in/dD_97eDk  Anu Tiwari I Jian Johnson I Hamraj Singh I Naman Lodha Simandhar Randive I Yash Sharma I Harshali Saigal I Yashaswi Shah I Rohan Mishra

Join us for an insightful webinar hosted by PCI in collaboration with Cyril Amarchand Mangaldas, focusing on the Draft Digital Personal Data Protection Rules, 2025. This webinar will delve into key provisions of the draft rules and their implications for digital payments. Webinar Details: • Date: January 31, 2025 • Time: 3:00 PM – 4:00 PM IST • Platform: Webex • Registration Link: https://lnkd.in/dVWP7zAQ Featured Speakers: • Anu Tiwari- Partner (Head – FinTech & Financial Services) • Jian Johnson - Partner This webinar will explore the recently released draft rules that operationalize the Digital Personal Data Protection Act, 2023. Key topics include: • Data protection rights • Compliance requirements for digital payments

We are thrilled to share the highlights from our recent workshop on Card Tokenization. This event brought together industry leaders and experts to discuss the transformative potential of tokenization in payment security. The session on card tokenization principles was led by Zubin Tafti and Kanishk Sarkar from PwC India. The importance of adhering to regulatory standards in tokenization practices was emphasized by Shantanu Shirke from Mastercard. Nidhi Jakhodia from Diners Club International explored the current details of the GDS flow for In-Direct Channel Sales.  A panel featuring Parivesh Ohri and Raghuram Kolathu from American Express discussed the innovations occurring in indirect channel sales for tokenization in travel and hotel payments.. Veera Raghavan from Worldline highlighted the nuances of tokenizing GDS transactions for hotel industry indirect channel transactions. Rajagopal P from Visa presented exciting future product innovations that will leverage tokenization for enhanced digital payment solutions. We extend our heartfelt thanks to all speakers and participants for making this workshop a resounding success. Your engagement and insights are invaluable as we continue to drive advancements in payment security. Stay tuned for more updates and upcoming events!   #payments #tokenization #workshop #FinTech #Innovation #DigitalPayments #India #PCI #SecurePayments

Payments Council of India recently hosted a delegation from the Bank of Tanzania, including Mr. Michael Mtweve (Manager Information Systems Services and Cyber Security), Mr. Godfrey Moshi (Principal Computer Analyst Programmer), and Mr. Mahendeka Stephene (Principal Computer System Engineer). The delegation was briefed on current Indian market practices regarding cloud cybersecurity, data management, data localization, and risk management. We would like to express our sincere appreciation to our members Mswipe Technologies Pvt. Ltd. and PayU for enabling this insightful exchange. Manish Patel I Harita Desai Jani I Ashish K. P. I Richa Mukherjee