About US | Contact Us
SC directs Kerala police to grant round-the-clock security to 2 women who entered Sabarimala shrine..
Rahul extends support to Mamata's mega opposition rally in Kolkata on Saturday..
Reliance Industries shares up 2 pc post Dec qtr results..
Everyone tentative to speak as they don't know facts of case: Richa on Hirani..
TMC eyes Delhi, says its mega rally will sound BJP's death knell..
Chahal grabs six as India bowl out Australia for 230..
Tulsi Gabbard apologizes for her past statement on LGBTQ..
Second earthquake hits J&K in 24 hours..
Ranveer, Alia and other Bollywood stars meet PM Modi..
Alok Verma shunted out as CBI chief..
Congo: Opposition leader Tshisekedi wins presidential vote..
BJP open to alliances, cherishes old friends : PM..
Where are the jobs ? asks Shiv Sena after general category quota..
India's GDP expected to grow at 7.3 pc in 2018-19..
 
Opinion Poll

Loading...

 
RBI sets up panel under Nandan Nilekani to boost digital payments

The Reserve Bank of India Tuesday constituted a high-level committee under Aadhaar architect Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country.

The five-member panel on deepening of digital payments has been constituted with a view to encourage digitisation of payments and enhance financial inclusion through digitisation, the RBI said in a statement. 

"The committee shall submit its report within a period of 90 days from the date of its first meeting," it added.

The panel has been tasked with reviewing the existing status of digitisation of payments in the country, identifying the current gaps in the ecosystem and suggesting ways to bridge them and assessing the current levels of digital payments in financial inclusion.

It will also "suggest measures to strengthen the safety and security of digital payments... (and) a road map for increasing customer confidence and trust while accessing financial services through digital modes".

It has also been asked 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.

Another term of reference of the panel, the RBI said is to suggest a medium-term strategy for deepening of digital payments.

Besides Infosys co-founder Nilekani, other members of the panel are former RBI deputy governor H R Khan, former MD and CEO of Vijaya Bank Kishore Sansi and former secretary in ministries of IT and steel Aruna Sharma.

The fifth member is Sanjay Jain, chief innovation officer, Centre for Innovation, Incubation & Entrepreneurship (CIIE), IIM Ahmedabad.

S - PTI

 
 
           
 
Copyright © 2016. nwztoday, Bhubaneswar, Odisha. All rights reserved.   Powered by: nwztoday