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The Reserve Bank of India is urging the financial sector to adopt quantum-resistant cryptography now to mitigate future decryption risks, emphasizing that this resilience requires a coordinated ecosystem effort rather than isolated institutional upgrades. While immediate threats are not imminent due to long technology cycles, the "harvest now, decrypt later" vulnerability underscores the critical need for India's payment infrastructure to evolve alongside advancing quantum computing capabilities.
Time has come to quantum-proof India payment systems, says RBI Dy Governor Murmu

Mumbai (Maharashtra) [India], September 11 (ANI): The time has come for Indian payment system providers and network operators to begin moving towards quantum-proofing payment systems, Reserve Bank of India Deputy Governor Shirish Chandra Murmu said on Friday, as…
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