CAMSPay Payment Gateway: Launch and India’s Digital Payments Boom
Why in the news
CAMS Limited introduced its CAMSPay gateway, designed to follow current RBI norms.
Key facts
- More than 5 billion digital transactions a month, with peaks rising over 30%.
- Older gateways struggle with downtime, fraud risk and slow settlements.
| Area | Features |
|---|---|
| Compliance | RBI-compliant, PCI DSS, tokenization, data localization |
| Scale | Low latency, high availability, built to grow |
| Security | Multi-factor authentication, AI fraud detection, end-to-end encryption |
About a payment gateway
It authorises card payments for online or physical shops, acting as the bridge between merchant and the customer’s bank.
Exam angle
- Product: CAMSPay.
- Terms: PCI DSS, tokenization.