Nandan Nilekani will chair Committee on Deepening of Digital Payments, RBI said.The Reserve Bank of India (RBI) on Tuesday announced formation of a high-level panel to assess digitisation of payments in country.
The Committee on Deepening of Digital Payments will be chaired byNandan Nilekani, RBI said in a statement.
The committee, which will have four other members,will review existing status of digitisation of payments in country and assess current levels of digital payments in financial inclusion, according to RBI.Infosys co-founder Nandan Nilekani has served as chairman of Unique Identification Authority of India (UIDAI), which manages biometrics-based personal identification programme Aadhaar.
( Government says Aadhaar savings can fund 3 schemes of Ayushman Bharat magnitude)Members on committee include former RBI deputy governor HR Khan, former Vijaya Bank CEO Kishore Sansi and former IT secretary Aruna Sharma.
The central bank also appointed Sanjay Jain, chief innovation officer, Center for Innovation, Incubation Entrepreneurship (CIIE), Indian Institute of Management Ahmedabad (IIM) Ahmedabad, as member of panel.The panel will "undertake cross country analyses with a view to identify best practices that can be adopted in our country to accelerate digitisation of economy and financial inclusion through greater use of digital payments", RBI noted.The committee is required to suggest steps to strengthen safety and security of digital payments in country, andprovide a roadmap for increasing customer confidence while accessing financial services through digital modes, central bank further said.The panel, which will also suggest a medium-term strategy for deepening of digital payments, will submit its report within a period of 90 days from date of its first meeting.