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BRIEF-National Payments Corporation of India says no loophole reported in BHIM app or UPI system
March 20, 2017 / 11:54 AM / 6 months ago

BRIEF-National Payments Corporation of India says no loophole reported in BHIM app or UPI system

March 20 (Reuters) - National Payments Corporation of India :

* No vulnerability or loophole reported in bharat interface for money (BHIM) application or UPI system

* Environment in which bhim or UPI is run by NPCI is highly secure and certified with best global practices like PCI DSS ISO 27001

* Packages have also been audited by IT security firms

* Has put in place adequate governance mechanism for banks to report any fraud or system issues and its redressal. Source text - (With regards to few media reports about technical malfunction in certain bank’s Unified Payments Interface (UPI) application, NPCI would like to clarify that there is no vulnerability or loophole reported in Bharat Interface for Money (BHIM) application or UPI system. NPCI has done intensive testing, robust design of security controls and continuous monitoring of its UPI infrastructure. The environment in which BHIM or UPI is run by NPCI is highly secure and certified with best global practices like PCI DSS ISO 27001. The packages have also been audied by reputed IT security firms. NPCI has put in place adequate governance mechanism for banks to report any fraud or system issues and its redressal.)

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