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NPCI denies hacking rumors, says all systems safe

by S E.R.

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The National Payments Corporation of India, the country’s answer to VISA and MasterCard, today denied that its systems had been hacked.

There were reports in the media that Chinese hackers had made off with data from NPCI servers.

However, NPCI pointed out that it stores data only regarding its own products such as IMPS, UPI and RuPay cards.

Meanwhile, it was reported that some people have lost money from their ATM cards to hackers in China.

“Out of the card transactions reported by few banks to NPCI, it is also observed that there is no transaction pertaining to any of RuPay card,” it said.

NPCI — which has emerged as a strong alternative to multinational payment networks like VISA and MasterCard — is currently in the process of expanding its business from money transfers to e-payments.

“We would like to clarify that there is no compromise at NPCI and our systems are fully safe and secure,” the government of India company said.

“NPCI follows high level of security and an integrated approach to protect its infrastructure and build a robust payments ecosystem. We stand resolved to support the member banks for clarifications, if any,” it added.

NPCI is reportedly helping out banks with onboarding merchants like eBay to its new payment platform called UPI.

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