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 jointly strengthen cybersecurity in India's rapidly growing digital payments ecosystem. The partnership aims to improve the security of digital transactions by focusing on training, awareness, and proactive risk management.

NPCI MD and CEO Dilip Asbe said that this collaboration with IDRBT is a step towards strengthening cybersecurity through technology as well as people and preparedness. He stressed that training, certification, and shared intelligence will play an important role in enhancing security standards. IDRBT Director Dr Deepak Kumar said that the institute has always worked towards helping the banking and finance sector adopt technology. He said that this formal partnership will promote security awareness and build a strong response system in the digital payment ecosystem.

Under the MoU, the two organizations will jointly offer specialized training programmes for technology and cybersecurity professionals in the banking and digital payments sector. These programs will cover key areas such as cybersecurity and data privacy. A new NPCI-certified payment security certification program will be launched under the partnership. This certification will be designed to meet the latest industry requirements and regulatory expectations, helping professionals stay updated with new threats and best practices. Additionally, IDRBT will extend its Cyber Threat Intelligence Service platform to NPCI and its partner organizations.

This service will provide relevant threat intelligence in real time to prevent cyberattacks in digital payment networks and strengthen defense mechanisms. This partnership comes at a time when digital payment platforms such as UPI are growing rapidly and its usage is increasing in India. In FY 2024-25, digital payments grew by 35 percent year-on-year to reach 60.81 crore transactions per day, with UPI contributing 83.73 per cent.

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