Context:
CAMS Limited has announced the launch of The CAMSPay’s New Payment Gateway, a next-generation digital payment infrastructure designed to support high-volume, real-time transactions while ensuring full compliance with evolving Reserve Bank of India (RBI) norms.
India’s Digital Payments Surge
- India’s digital payments market is on track to hit $10 trillion by 2030, powered by e-commerce expansion, fintech adoption, and digital-first financial services.
- Over 5 billion digital transactions are processed monthly, with peak volumes surging beyond 30%.
- This rapid growth has exposed the limitations of legacy payment gateways, which struggle with downtime, fraud risk, and slow settlements.
CAMSPay’s Key Differentiators
- Regulatory Readiness
- Fully compliant with RBI norms
- PCI DSS certified
- Supports tokenization and data localization, essential for today’s security mandates
- Scalability and Real-Time Capabilities
- Built for minimal latency and high availability
- Engineered to scale with exponential transaction growth
- Advanced Security Framework
- Multi-factor authentication
- AI-driven fraud detection
- End-to-end encryption protocols
Payment Gateway
A payment gateway is a service that authorizes and processes credit card or debit card payments for online or physical stores. It acts as a bridge between the merchant and the customer’s bank, securely transmitting payment information and ensuring transactions are completed. Essentially, it’s a digital point-of-sale system for online businesses.
