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About UPI :
The Unified Payment Interface (UPI) provides a single interface that allows seamless
interoperability between different payment systems.
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Two-party
6 5 4
1 2 3
Three-party
• Initiate transaction
• Debit payer account
• Send credit request to PSP through UPI
• Resolve address
• Credit beneficiary
• Intimate UPI and customer
www.pwc.in
What’s at stake?
• Virtual payment addresses
• Digital identity of individuals
• UPI ecosystem built and integrated for provisioning services
• Security of the identity, transaction information and data over the network
• Time to respond—transaction speed is the highest
• Customer confidence in the service, market trust and faster adoption by the
customer
• Regulatory compliance
• Financial and reputational aspects
Security considerations
• Product and digital vision • Incident and event monitoring
• Consideration for digital identity • IT general controls implementation
and potential reuse
• Network segregation
• Compliance—regulatory and the IT Act • Training and awareness
• Secure design • Adoption of industry best practices
• Embedding the learnings
About PwC
At PwC, our purpose is to build trust in society and solve important problems.
committed to delivering quality in assurance, advisory and tax services. Find out
more and tell us what matters to you by visiting us at www.pwc.com
NCR, Hyderabad, Kolkata, Mumbai and Pune. For more information about PwC
India’s service offerings, visit www.pwc.com/in
PwC refers to the PwC International network and/or one or more of its member
pwc.in
Data Classification: DC0
© 2016 PricewaterhouseCoopers Private Limited. All rights reserved. In this document, “PwC” refers to
PricewaterhouseCoopers Private Limited (a limited liability company in India having Corporate Identity
Number or CIN : U74140WB1983PTC036093), which is a member firm of PricewaterhouseCoopers
International Limited (PwCIL), each member firm of which is a separate legal entity.
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