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; -
To assess the current levels of digital payments in financial inclusion; -
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; -
To provide a road map for increasing customer confidence and trust while accessing financial services through digital modes; -
To suggest a medium-term strategy for deepening of digital payments; -
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 | |