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Nandan Nilekani to head RBI committee on digitisation of payments

ANI  |  New Delhi [India] 

co-founder and architect will assessing digitisation of payments, the Reserve Bank of (RBI) said on Tuesday.

The committee is being constituted with a view to encourage digitisation of payments and enhance through digitisation.

In addition to Nilekani, the committee will comprise of H.R. Khan, former RBI Former Deputy Governor, Kishore Sansi, former managing director and Chief Executive Officer, Vijaya Bank, Aruna Sharma, former of Ministry of and Steel, Sanjay Jain, Chief Innovation Officer, Center for Innovation, & Entrepreneurship (CIIE), IIM Ahmedabad.

The committee will be responsible for reviewing the existing status of digitisation of payments in the country, identifying the current gaps in the ecosystem and suggest ways to bridge them. Moreover, it will assess the current levels of digital payments in

The panel will also undertake cross country analyses with a view to identify best practices that can be adopted in our country to accelerate digitisation of the and through greater use of digital payments, suggest measures to strengthen the safety and security of digital payments.

The committee has also been tasked with chalking out a road map for increasing customer confidence and trust while accessing through digital modes, suggest a medium-term strategy for deepening of digital payments; and any other related item of importance.

The RBI stated that the committee has been directed to submit a report within a period of 90 days from the date of its first meeting.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 18:00 IST