Regulatory Alerts2018-01-18 | Guideline No. 01/2018Guidelines on Minimum Compliance Standards for Payment Related Mobile Applications
The Central Bank of Sri Lanka issued these guidelines to establish minimum compliance standards for all payment service providers operating mobile payment applications. The document mandates strict security controls including server-side authentication, multi-factor authentication, data encryption, and device registration to protect sensitive financial information. It further requires PSPs to obtain regulatory approval, implement robust secure coding and anti-tampering measures, and undergo independent third-party audits before deploying any application.
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