With a view to encourage digitisation of payments and enhance financial inclusion through digitisation, the Reserve Bank of India has decided to constitute a High-Level Committee on Deepening of Digital Payments. The composition of the Committee is as under:
| 1 |
Shri Nandan Nilekani
Former Chairman, Unique Identification Authority of India |
Chairman |
| 2 |
Shri H.R. Khan
Former Deputy Governor, Reserve Bank of India |
Member |
| 3 |
Shri Kishore Sansi
Former Managing Director & Chief Executive Officer, Vijaya Bank |
Member |
| 4 |
Smt. Aruna Sharma
Former Secretary, Ministry of Information Technology and Steel |
Member |
| 5 |
Shri Sanjay Jain
Chief Innovation Officer, Center for Innovation, Incubation & Entrepreneurship (CIIE), IIM Ahmedabad |
Member |
The Terms of Reference of the Committee are as under:
-
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;
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To assess the current levels of digital payments in financial inclusion;
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To undertake cross country analyses with a view to identify best practices that can be adopted in our country to accelerate digitisation of the economy and financial inclusion through greater use of digital payments;
-
Suggest measures to strengthen the safety and security of digital payments;
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To provide a road map for increasing customer confidence and trust while accessing financial services through digital modes;
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To suggest a medium-term strategy for deepening of digital payments;
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Any other related item of importance.
The Committee shall submit its report within a period of 90 days from the date of its first meeting.
Jose J. Kattoor
Chief General Manager
Press Release: 2018-2019/1590
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