The Reserve Bank of India on Tuesday appointed Nandan Nilekani as chairman of Committee on Deepening of Digital Payments.
The five-member panel will review the existing status of digitisation of payments in the country and assess the current levels of digital payments in financial inclusion, the central bank said in a statement.
Apart from Nilekani, the special committee, which will assess the existing status of digitisation of payments in the country, will have HR Khan, former deputy governor RBI, Kishore Sansi, former MD and CEO Vijaya Bank, Aruna Sharma, former secretary, ministry of Information technology and steel, and Sanjay Jain, chief innovation officer, Centre for Innovation, Incubation and Entrepreneurship, IIM Ahmedabad.
Apart from undertaking cross-country analyses to identify the best practices that can be adopted in our country to accelerate digitisation of the economy and financial inclusion through greater use of digital payments, the panel will also identify the current gaps in the ecosystem and suggest ways to bridge them. It will also assess the current levels of digital payments in financial inclusion.
It will also suggest measures to strengthen the safety and security of digital payments as well as a medium term strategy for deepening of digital payments.
The Committee will submit its report within 90 days from the date of its first meeting.
Nilekani has earlier worked as the chairman of the UIDAI and oversaw the implementation of the Aadhaar card in the country during the UPA regime.