Section 22 of PSSA : Section 22: Duty To Keep Documents In The Payment System Confidential

Explanation using Example

Imagine John is a customer of XYZ Payment Bank, which is a system provider under the Payment and Settlement Systems Act, 2007. John uses XYZ's mobile payment system to transfer money to his friends and family. One day, a curious employee at XYZ Payment Bank, who has access to transaction details, considers revealing John's transaction amounts and payee details to a friend out of gossip. However, under Section 22(1) of the Payment and Settlement Systems Act, 2007, this employee is strictly prohibited from disclo...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.