PhonePe and DPCGC forge partnership to drive regulatory compliance in the OTT ecosystem
New Delhi, Oct 9
PhonePe and the Digital Publisher Content Grievances Council, a self-regulatory body under the aegis of the Internet and Mobile Association of India, have announced the signing of a Memorandum of Understanding.
The partnership aims to facilitate seamless SRO certification for all merchants, champion regulatory compliance, and drive merchant education for all merchant partners onboarding on PhonePe's Payment Gateway.
Under applicable Indian regulations, over-the-top (OTT) or Publishers of Online Curated Content (OCCPs) are legally required to be members of a recognised self-regulatory organisation (SRO) for grievance redressal.
Pioneering a compliance-first approach, PhonePe enforces this regulatory requirement as a mandatory prerequisite during its merchant onboarding process.
DPCGC is a Level II SRO formed under the IT Rules, 2021, which is registered with the Ministry of Information and Broadcasting.
Through the MoU, PhonePe and DPCGC aim to drive merchant education and awareness.
Recognising the limited awareness among OTT/OCCPs regarding SRO compliance, the joint initiative will educate both existing and prospective merchants on regulatory requirements and seamlessly facilitate their SRO certification through DPCGC.
The partnership further strengthens PhonePe's position as a trusted, robust, and compliant payment partner tailored for the rapidly growing OTT ecosystem.
Dr. Subho Ray, President of IAMAI, said, "DPCGC, established under the IT Rules, is committed to efficiently addressing concerns and grievances related to OTT platforms through self-regulation.
This collaboration between DPCGC and PhonePe will foster greater alignment and adherence to the Code of Ethics, expanding the reach of self-regulation and strengthening its benefits for both the industry and its users."
Deep Agrawal, Head of Payments at PhonePe, added, "At PhonePe, compliance and trust are at the core of everything we build. The OTT segment has exploded in terms of coverage and penetration over the last couple of years.
Agrawal further stated that our MoU with DPCGC will allow us to educate the OTT platforms to seamlessly drive higher awareness about customer grievance redressal, reinforcing PhonePe as the most trusted & compliant growth partner for India's booming OTT ecosystem."
— IANS
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