RBI to issue cybersecurity norms for payment services Updated: Updated: ‘Firms must surpass minimum standards to ensure safety’ Share Article AAA Eyes wide open: Individual users have to be aware of the risks in undertaking digital transactions, says Rabi Sankar. | Photo Credit: REUTERS ‘Firms must surpass minimum standards to ensure safety’ The Reserve Bank of India (RBI) will soon issue cybersecurity norms for payment service providers (PSPs), following a series of data breaches faced by operators including Mobikwik and payment aggregator JusPay, a top RBI official said. While the standards for fintech-driven payment services providers will be similar to cyber hygiene norms issued recently for banks and non-banking finance companies, the RBI is quite clear that firms will have to do more than observe the minimum standards to ensure safety as digital transactions gain further traction.