Cashfree Payments becomes ISO 27017 and ISO 27018 certified organization

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This is along with the ISO 27001 certification acquired final 12 months

BENGALURU, India, Sept. 19, 2022 /PRNewswire/ — Cashfree Payments, India’s main funds and API banking options firm, in the present day introduced that it has secured ISO 27017 and ISO 27018 certifications. ISO/IEC 27017:2015 certification confirms that the corporate has been discovered to satisfy the Information Technology Security methods and code of observe for Information Security for cloud providers normal. Further, ISO/IEC 27018:2019 certification signifies that Cashfree Payments fulfills IT safety methods and code of observe for cover of Personally Identifiable Information (PTI) in public cloud normal.

Cashfree Payments Logo

Also, the sooner achieved ISO/IEC 27001:2013 certification implies that the corporate has applied all of the procedures and processes dictated by the Information Security Management System (ISMS) coverage. The three essential certifications reinforces Cashfree Payments’ compliance with all the necessities for establishing, implementing, sustaining and frequently bettering an Information Security Management System (ISMS), in addition to demonstrates its dedication to cloud safety and knowledge privateness.

The operations of cost aggregators and cost answer suppliers are topic to stringent safety and privateness requirements particularly with respect to knowledge administration. For Cashfree Payments, securing the ISO certifications demonstrates its dedication to make sure the best degree of safety for involved knowledge processed on a secured cloud-based know-how.

Akash Sinha, CEO and Co-Founder, Cashfree Payments, stated, “We have witnessed rapid growth in the Indian payments industry and our business progress has resonated well with it. As a leading Payments solution provider, we have been heedful to ensure high standard data and security measures are implemented to protect customer interests. The addition of ISO 27017 and 27018 certifications is a token to the trust bestowed upon us by varied stakeholders. We will continue to be the advocates of the need for existence of an effective regulatory environment. Our unfaltered prudence will be dedicated to ensure that our efficient operations are supplemented by the highest possible security standards to keep customer assets and data secure.”

With over 50% market share amongst cost processors, Cashfree Payments in the present day leads the best way in bulk disbursals in India with its product Payouts. Recently, India’s largest lender, SBI invested in Cashfree Payments underscoring the corporate’s position in constructing a sturdy funds ecosystem. Cashfree Payments works carefully with all main banks to construct the core funds and banking infrastructure that powers the corporate’s merchandise and can also be built-in with main platforms resembling Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay. Apart from India, Cashfree Payments merchandise are utilized in eight different nations together with the USA, Canada and UAE.

About Cashfree Payments

Cashfree Payments is a number one cost and API banking options firm. It offers full-stack funds options enabling companies in India to gather funds and make payouts through all accessible strategies with easy integration. Cashfree Payments’ choices embrace a sophisticated and straightforward method to combine cost gateways, a cut up cost answer for marketplaces, checking account verification API, and Auto Collect — a digital account answer to match inbound funds to prospects. Founded by IIIT Hyderabad alumnus Akash Sinha and IIT Kharagpur graduate Reeju Datta, www.cashfree.com is among the many main cost service suppliers in India processing transactions value USD 40 Billion yearly. It has leveraged know-how to guide cost disbursals in India with greater than 50% market share amongst cost processors. Cashfree Payments allows greater than 1,50,000 companies with cost collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty and rewards. Apart from India, Cashfree Payments merchandise are utilized in eight different nations together with the USA, Canada, and UAE. Cashfree Payments is backed by Silicon Valley investor Y Combinator, Apis Partners, State Bank of India (SBI), and was incubated by PayPal.

Logo: https://mma.prnewswire.com/media/1714361/Cashfree_Payments_Logo.jpg 

 





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