Reserve Bank of India
Date : Jan 08, 2019
Committee on Deepening of Digital Payments
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:
a. 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;
b. To assess the current levels of digital payments in financial inclusion;
c. 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;
d. Suggest measures to strengthen the safety and security of digital payments;
e. To provide a road map for increasing customer confidence and trust while accessing financial services through digital modes;
f. To suggest a medium-term strategy for deepening of digital payments;
g. 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
