Coffee with the Council Podcast: Introducing the New India-South Asia Regional Engagement Board

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Coffee with the Council By PCI Security Standards Council 10 min 2 speakers 7 chapters transcribed 1 month ago
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Alicia Malone 0:12
This episode of Coffee with the Council is brought to you by our podcast sponsor, Faeroot. Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Director of Communications and Public Relations for the PCI Security Standards Council. In today's episode, I'm excited to announce that the Council is launching a new Regional Engagement Board for India and South Asia. Regional Engagement Boards serve as advisors to PCI SSC on payment data security issues in specific geographies and markets. This will be the Council's second REB, as it's commonly referred to, after launching in Brazil in 2018. Joining me to discuss what this all means and how you can participate is the Council's own Nitin Bhatnagar, Regional Director of India, South Asia, and the Middle East.
Alicia Malone 1:06
Welcome, Nitin.

What is the India–South Asia Regional Engagement Board and why is it being launched now?

Nitin Bhatnagar 1:08
Thank you, Alicia, for your warm welcome to the podcast series, Coffee with the Council.
Alicia Malone 1:13
Okay, Nitin, so let's start by describing what the Regional Engagement Board is. What is its purpose?
Nitin Bhatnagar 1:21
So the Regional Engagement Board is going to act as an advisory role for the PCI Security Standard Council on payment data security issues in specific geographies. uh so that's where the india and south asia comes into the picture the rep purpose is to enhance global payment security by fostering the broad adoption of the pci security standards and by improving payment security practices now the regional advisors will represent the perspective of the participating organizations and stakeholders in india and south asia advising and providing feedback and guidance to the PCI SSC on standards, program development, and adoption in India and South Asia.
Alicia Malone 2:05
Of all the regions in the world, why was it important to launch this board in India and South Asia now?
Nitin Bhatnagar 2:12
Absolutely, it was a beautiful question, Alicia, and I think India is a very dynamic market, and local involvement is key to shaping a safer payment ecosystem amid increasing cybersecurity challenges.

How will the REB advise PCI SSC on payment data security in the region?

Nitin Bhatnagar 2:26
The REB is going to serve as an advisory board on payment data security issues in the region and help to strengthen payment security through the local engagement alongside the global collaboration. Now, the Regional Engagement Board brings together stakeholders from India and South Asia to discuss challenges and opportunities in the region. The board is going to offer a unique blend of collaboration from different industry verticals to secure payment data in an evolving payment ecosystem.
Alicia Malone 2:57
So Nitin, what are some of the advantages to serving on the India-South Asia Regional Engagement Board? Why should our stakeholders get involved?
Nitin Bhatnagar 3:06
Thank you, Alicia, for this question. Serving on India's South Asia Regional Engagement Board is going to offer several advantages for the stakeholders. Primarily, focus on strengthening payment data security and fostering the regional collaboration.

What benefits do stakeholders gain by serving on the India–South Asia REB?

Nitin Bhatnagar 3:21
By engaging with the board, stakeholders can influence these development and adoption of security standards, share their regional perspective with the PCI Security Standards Council, and contribute to building a more secure payment ecosystem in the region. Let me try to break it down on the benefits in three different areas. First that I'm going to talk about is shaping the security standards. That's where the board provides a platform for stakeholders to offer inputs and feedback on the PCI SSC work on payment data security. This also allows them to shape the direction of security standards and program, ensuring they are relevant and effective in India and South Asia context. Local involvement, again, is crucial in a dynamic market like India and South Asia where cybersecurity challenges are ever present.
Nitin Bhatnagar 4:09
Second area are the benefit representing regional perspective. The board serves as a voice for PCI SSC participating organization and industry stakeholders in the region. It also allows them to share their unique perspective and challenges with the PCI SSC, ensuring that the global organization works is tailored to the specific needs of the region. And third and the last is the fostering the regional collaboration.

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