This Guideline is issued pursuant to Section 31(2) (b) of the National Payment System Act, 2011 which empowers the Central Bank to issue Directives and Guidelines to be adhered to by Payment Service Providers in order to maintain a sound, secure and efficient National Payment System.
General and specific risk management requirements are posed on multiple stakeholders and detailed in Part III:
- Dependency Risk Management
- Incident Response and Cyber Resilience
- Regular Independent Assessment and Testing