NPCI & IDRBT Join Forces to Strengthen Cyber Security in Digital Payments

In a significant development aimed at bolstering India’s digital payments infrastructure, the National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) signed a Memorandum of Understanding (MoU) on June 12, 2025. This strategic collaboration seeks to advance cybersecurity, resilience, and digital preparedness in the banking and financial services sector through training, certification, and threat intelligence sharing.

Why in News?

The MoU comes at a time when India’s digital payment ecosystem is growing rapidly, accompanied by increased cyber threats. With more citizens and institutions adopting electronic payments, this partnership focuses on building a secure, resilient, and skilled workforce to counter emerging threats. The collaboration also introduces an NPCI-certified security programme and offers access to IDRBT’s upgraded threat intelligence platform, सचेत (IBCART 3.0).

Key Objectives of the MoU

  • Strengthen cyber resilience in India’s retail and digital payments sector.
  • Launch specialized training programs for professionals in cybersecurity and data privacy.
  • Introduce a certification programme aligned with industry needs and regulatory standards.
  • Provide access to सचेत (IBCART 3.0), enhancing threat intelligence for NPCI and partners.

Highlights of the Agreement

  • Joint training initiatives for banking and digital payment professionals.
  • Capability-building across rural and urban ecosystems through structured modules.
  • Development of cyber awareness and proactive risk mitigation culture.

About NPCI:

  • Apex body for retail payment systems in India, established by RBI and IBA.
  • Responsible for innovations like UPI, IMPS, RuPay, AePS, NACH, and e-RUPI.
  • Operates through subsidiaries like NIPL, NBBL, and NBSL.
  • Plays a pivotal role in financial inclusion and digital infrastructure building.

About IDRBT

  • Autonomous institute set up by RBI in 1996 for R&D in banking technology.
  • Developed foundational banking tech like INFINET, SFMS, and National Financial Switch.
  • Provides cyber threat intelligence via the revamped सचेत (IBCART 3.0) platform.
  • Operates CISO, CIO, and CAO forums to guide tech evolution in Indian banks.

Overall Significance

  • This collaboration is a milestone in India’s digital public infrastructure, reinforcing the commitment to secure financial ecosystems. It empowers the sector with skilled manpower, certified frameworks, and advanced cyber-intelligence tools—an essential move in light of growing cybercrime incidents.
Summary/Static Details
Why in the news? NPCI & IDRBT Join Forces to Strengthen Cyber Security in Digital Payments
MoU Signed Between NPCI and IDRBT
Purpose Enhance cyber resilience, conduct training, launch certifications
Key Tools Introduced NPCI-certified security programme, सचेत (IBCART 3.0)
About NPCI Umbrella body for India’s retail payments, creator of UPI, IMPS, RuPay
About IDRBT RBI-established R&D body for banking technology

Shivam

As a Content Executive Writer at Adda247, I am dedicated to helping students stay ahead in their competitive exam preparation by providing clear, engaging, and insightful coverage of both major and minor current affairs. With a keen focus on trends and developments that can be crucial for exams, researches and presents daily news in a way that equips aspirants with the knowledge and confidence they need to excel. Through well-crafted content, Its my duty to ensures that learners remain informed, prepared, and ready to tackle any current affairs-related questions in their exams.

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