Fonepay Payment Service Limited is one of the popular and renowned service providers in Nepal licensed by Nepal Rastra Bank.
This private company is associated with more than 72 banks and similar other organizations. They have associated with a total of 1 lakh 40,000 merchants whereas they have been providing services to 11 lakh mobile banking users.
The company that does more than one lakh transactions daily is now certified with World’s renowned Payment Card Industry Data Security Standard Certification i.e (PCI DSS v3.2.1).
PCI certification is the certification that ensures the security of card data at your business through a set of requirements established by the PCI SSC. These include a number of commonly known best practices, such as: Installation of firewalls, Encryption of data transmissions and so on.
With this certification their every other platform are now secured and proved to be safe with this certificate.
This certificate has made sure that now Fonepay’s data security and transactions are secured and trustworthy for the organizations and users associated with the company.
PCI DSS is formed in 2004 by Visa, MasterCard, Discover Financial Services, JCB International, and American Express. Governed by the Payment Card Industry Security Standards Council (PCI SSC), the compliance scheme aims to secure credit and debit card transactions against data theft and fraud.
To receive this certificate the technical companies should prove themselves with certain criteria. They must undergo an internal audit and submit their full audit report to qualify for the certificate.
Fonepay also completed the full QSA SISA audit to prove the capabilities for this certification.
Sisa Information Security’s Founder & CEO, Dharshan Shanthamurthy Congratulated the whole Fonepay Team on receiving this PCI DSS certificate and for being Nepal’s First Digital Payment Service to cross this milestone and receive this achievement.
Fonepay has set an example with this PCI DSS achievement. Now they have inspired every other similar digital payment company to prioritize the data security. This will ensure the genuine effort and care for the user’s data security in such payment gateway services.
The news about data hacking and data misused in recent days was really sad to hear. So, its high time that organizations should think about this and prioritize data security equally as the services and functionalities of their system.
At last, “Congratulations to the whole Team of FonePay Payment Service Limited” on this huge achievement.
Here is the full certificate of Fonepay PCI DSS Certificate;
