Sunday, October 13, 2024
News

RBI directs payment service providers to enhance accessibility for persons with disabilities

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | October 13, 2024 3:41:38 PM IST
The Reserve Bank of India (RBI) has issued new guidelines aimed at improving the accessibility of digital payment systems for persons with disabilities (PwDs).

With digital payment systems becoming increasingly popular among all segments of the population, including differently-abled individuals, the RBI's latest guidelines urge payment system participants (PSPs)--comprising banks and authorized non-bank payment providers--to review and modify their payment systems and devices to ensure ease of access for PwDs.

This includes payment infrastructure such as Point-of-Sale (POS) machines, which should be user-friendly for persons with various disabilities.

The guidelines emphasize adherence to the Accessibility Standards set forth by the Ministry of Finance. While carrying out necessary modifications to payment systems, PSPs are advised to ensure that these changes do not compromise the security aspects of their payment infrastructure.

The RBI has mandated PSPs to submit a comprehensive report within one month of the issuance of this circular, detailing the systems or devices that require modification.

The report should also include a time-bound action plan for implementing these changes. PSPs are required to send the action plan to the Department of Payment and Settlement Systems, Reserve Bank of India, at dpssfeedback@rbi.org.in.

Additionally, the submission should identify a Nodal Officer to serve as the point of contact for any further queries or clarifications.

This directive builds on the RBI's existing Master Circular on Customer Service in Banks, which mandates scheduled commercial banks to provide inclusive banking services for PwDs.

Additionally, the guidelines align with the "Accessibility Standards and Guidelines for Banking Sector," which were issued by the Ministry of Finance on February 2, 2024. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
PM GatiShakti transforms India's infrast...
Amid decline in new investments, power s...
Amid volatility, outlook for Indian mark...
Hindustan Steelworks Construction Limite...
India has USD 117 bn untapped expo poten...
RBI directs payment service providers to...
More...
 
INDIA WORLD ASIA
RSS chief emphasises social harmony, mut...
Maharashtra CM Shinde vows strict action...
Shocked by Baba Siddique's murder: Mahar...
'No need for politics on this,' BJP's Mu...
Army establishes computer lab, skill dev...
'UCC law not meant to harass anyone, wil...
More...    
 
 Top Stories
Asian Table Tennis C'ships: Ayhika-... 
Indian Naval Ship Shardul arrives i... 
Two accused in Baba Siddique firing... 
Taiwan to hold large-scale military... 
Very shameful incident for Maharash... 
Babar, Shaheen, Naseem dropped for ... 
"People lost a good leader": Actor ... 
Gujarat's minor ports driving local...