New Delhi, June 12
The National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) on Thursday signed a memorandum of understanding (MoU) to work together on strengthening cyber security and resilience in India’s fast-growing digital payments ecosystem, including UPI.
This partnership aims to improve the overall safety of digital transactions by focusing on training, awareness, and proactive risk management.
Dilip Asbe, MD and CEO of NPCI, said that this collaboration with IDRBT is a step towards enhancing cyber resilience not just through technology, but also through people and preparedness.
“Strengthening cyber resilience is not just about technology, but also about people and preparedness,” Asbe stated.
He emphasised that training, certifications, and shared intelligence will play a key role in raising security standards.
Dr. Deepak Kumar, Director of IDRBT, said the institute has always worked towards helping the banking and finance sector adopt technology.
He added that this formal partnership will boost security awareness and build strong response systems within the digital payments ecosystem.
Under the MoU, both organisations will jointly offer specialised training programmes for technology and cyber security professionals in the banking and digital payments sectors.