Nandan Nilekani to head RBI-constituted committee on digital payments

Agency News

Mumbai, Jan 8 : With a view to encourage digitisation of payments and enhance financial inclusion through digitisation,the Reserve Bank of India(RBI) has decided to constitute a High-Level Committee on Deepening of Digital Payments.

The four-member Committe will be headed by Nandan Nilekani who was the erstwhile Chairman of the Unique Identification Authority of India(UIDAI).

The primary term of reference of the Committee will be to review the existing status of digitisation of payments in the country,identify the current gaps in the ecosystem and suggest ways to bridge them,among other aspects.

The Committee shall submit its report within a period of 90 days from the date of its first meeting.

Other four members of the Commitee are H R Khan(former RBI Deputy Governor),Kishore Sansi

(former Vijaya Bank MD & CEO),Aruna Sharma(former Secretary,Ministry of Information Technology and Steel),and Sanjay Jain(Chief Innovation Officer,IIM Ahmedabad).