By creating procedures for handling complaints, guaranteeing transaction transparency, and defending the interests of customers, the rules place a high priority on consumer protection.
The framework outlines precise operational norms and risk management procedures, which improve operational resilience for entities that follow it.
By offering a controlled environment that incentivizes organizations to investigate novel technology and payment methods while guaranteeing adherence to regulatory requirements, the rules promote innovation.
Following the rules reduces the possibility of fines and legal repercussions by ensuring regulatory compliance. Entities show that they are dedicated to upholding the strictest guidelines established by the regulatory body.
Delivering precision, performance, and purpose in every outcome
Velemento assists companies in applying for and obtaining the required RBI authorizations for Payment Aggregators (PAs) and Payment Gateways (PGs). This entails getting paperwork ready, submitting applications, and making sure all regulations are followed before sending them to the RBI.
In order to comply with RBI regulations, Velemento helps companies that offer both e-commerce and payment aggregation services to separate these tasks. We assist you in reorganizing your business and make sure your PA activities autonomously adhere to legal requirements.
Our team strives to optimize the technology architecture of your payment gateway in accordance with the RBI’s recommendations, which include putting in place safe transaction mechanisms, guaranteeing data integrity, and putting in place efficient fraud prevention systems in accordance with RBI rules.
Velemento guarantees that your payment systems adhere to the strict encryption and data security guidelines set forth by the RBI. In accordance with the rules of data localization and privacy, we assist in putting into effect the best practices for safe transaction processing and the non-storage of client card credentials.
Velemento performs compliance assessments of your payment aggregator and gateway systems and offers routine monitoring services to guarantee ongoing compliance. This includes evaluating any modifications to RBI regulations, examining security mechanisms, and offering updates or remedial measures to reduce risks.
Partner with Velemento to achieve seamless, secure, and sustainable growth
infosec@velementotechnologies.com
+91 9619996060
