National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) have signed a Memorandum of Understanding (MoU) to strengthen the cyber security and resiliency across India’s digital payment ecosystem.
As part of the agreement, the two organisations will jointly conduct targeted training programmes for tech and cyber professionals in the banking and digital payment services sector.
The programmes will focus on key areas such as cyber security, resiliency and data privacy. The partnership will also lead to the development of an exclusive NPCI-certified payment security certification programme, aligned with emerging industry needs and regulatory expectations. In addition, IDRBT will also extend IBCART 3.0, the threat intelligence services, to NPCI and its ecosystem partners.
According to Deepak Kumar, Director, IDRBT the collaboration with NPCI would strengthen the broader payment ecosystem by promoting a culture of security awareness, capability-building, and proactive response.
``The subscription to IBCART 3.0, will provide diverse, enriched and contextualized threat intelligence feed to organisations working with NPCI; further improving the robustness and resilience of the ecosystem,’‘ he said.
Dilip Asbe, MD and CEO, NPCI, said: “We are happy to partner with IDRBT to advance payment security and cyber resilience across the digital payment ecosystem in India. Strengthening cyber resilience is not just about technology, but also about people and preparedness.’‘
NPCI’s partnership with IDRBT would enable structured capacity building across the ecosystem through training, certifications, sharing threat intelligence and hands-on cyber drills, he added,