TeleCanor Global Appoints SGS for PCI-DSS Audit as Digital Payments Division Achieves Milestones

TeleCanor Global Appoints SGS for PCI-DSS Audit as Digital Payments Division Achieves Milestones​

TeleCanor Global Ltd has announced significant operational advancements in its digital payments division, highlighting both technological readiness and crucial steps toward regulatory compliance. The company has appointed a specialized global body to conduct the final certification audit of its payment infrastructure.

The company formally engaged SGS, a globally recognized testing, inspection, and certification entity, to manage the Payment Card Industry Data Security Standard (PCI-DSS) certification audit for its payment infrastructure. This appointment marks a critical step in validating the security standards of TeleCanor’s payment processing capabilities.

Technology Readiness and Platform Hardening​

TeleCanor's proprietary payment gateway application has successfully cleared all rigorous internal baseline testing phases. The platform is now structurally prepared for the final certification process.

The core technology architecture utilizes the Open Transaction Model (OTM) and State-Based Message Delivery (SBMD) frameworks, which are designed to ensure secure data handling, architectural modularity, and rapid transaction throughput. Engineers leveraged a recent deployment timeline extension to significantly harden the platform architecture, resulting in a market product described as structurally stronger and highly secure.

Regulatory Roadmap for RBI License​

Regarding its role within the regulatory framework, TeleCanor has outlined the requirements for applying for the Payment Aggregator (PA) authorization from the Reserve Bank of India (RBI). The formal application will be submitted immediately after two conditions are met: the conclusion and audit of required financial results, and the infusion of additional equity capital necessary to meet RBI's prescribed net-worth norms.

Commercial Launch Timeline​

The commercial launch and subsequent onboarding of merchants are scheduled to commence as soon as TeleCanor receives formal PCI-DSS certification from SGS. The certification process is estimated to take approximately one month following the commencement of the audit.

Stock Price Movement​

At the close of trading today, TeleCanor Global Ltd settled at ₹23.39, having shed 1.64% in value. The shares had traded within an intraday range marked by a low of ₹23.03 and a high of ₹24.18.