Formally appointed SGS, a globally recognized testing, inspection, and certification body, to conduct the final Payment Card Industry Data Security Standard (PCI-DSS) certification audit for its payment infrastructure.
Technology Framework Status
Proprietary payment gateway application has successfully cleared all rigorous baseline internal testing phases
Structurally prepared for the final certification process
Application architecture utilizes Open Transaction Model (OTM) and State-Based Message Delivery (SBMD) frameworks
Platform architecture hardening completed during deployment timeline extension, resulting in structurally stronger, highly secure product
RBI Payment Aggregator License Status
Formal application for Payment Aggregator (PA) authorization will be submitted to Reserve Bank of India immediately following:
Conclusion and audit of required financial results
Formal infusion of additional equity capital to meet regulatory net-worth norms prescribed by RBI
Commercial Launch Timeline
Commercial launch and merchant onboarding scheduled to commence immediately upon receipt of formal PCI-DSS certification from SGS
PCI-DSS certification estimated to take approximately one (1) month from commencement of audit
