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National News

May 18, 2019
7:36AM

Nilekani-led panel on digital payments submits report to RBI

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A Reserve Bank of India-appointed committee headed by Aadhaar architect Nandan Nilekani has submitted its suggestions on promoting digital payments to Governor Shaktikanta Das. 

In January, the RBI had set up the five-member panel on deepening digital payments with a view to encouraging digitisation of payments and enhance financial inclusion through digitisation. 

In a statement, the Reserve Bank said the committee held its deliberations including consultations with various stakeholders and submitted its report yesterday to Mr Das. 

It said the RBI will examine the recommendations of the committee and will link the action points, wherever necessary, in its Payment Systems Vision 2021 for implementation.

Earlier this week, the RBI released the 'Payment and Settlement Systems in India: Vision 2019 - 2021', for ensuring a safe, secure, convenient, quick and affordable e-payment system with an aim making India a 'cash-lite' society.

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