Improve payment systems' accessibility for disabled persons: RBI to banks

While selecting potential solutions for the purpose, care should be taken to ensure that the modifications or enhancements do not compromise security aspects of the systems, the central bank said.

RBI, Reserve Bank of India
The RBI also asked them to refer to the accessibility standards issued by the Ministry of Finance in February. (Photo: PTI)
Press Trust of India Mumbai
2 min read Last Updated : Oct 11 2024 | 4:42 PM IST

The Reserve Bank of India on Friday asked banks to review their payment systems to ensure easier accessibility to persons with disabilities.

All sections of the population, including differently-abled persons, are increasingly adopting digital payment systems, it said in a circular.

"To promote effective access, payment system participants (PSPs, that is, banks and authorised non-bank payment system providers) are advised to review their payment systems/devices in terms of accessibility to Persons with Disabilities," it noted.

Based on the review, banks and non-bank payment system providers may carry out the necessary modifications in payment systems and devices like point-of-sale machines, which can be accessed and used by persons with disabilities with ease, the RBI said.

The RBI also asked them to refer to the accessibility standards issued by the Ministry of Finance in February.

While selecting potential solutions for the purpose, care should be taken to ensure that the modifications or enhancements do not compromise security aspects of the systems, the central bank said.

PSPs have been asked to submit to the Reserve Bank, within one month, details of their systems/devices that need to be modified, along with a time-bound plan of action for achieving the same.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :RBIIndian Bankspayment systems

First Published: Oct 11 2024 | 4:42 PM IST

Next Story