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RBI forms Nandan Nilekani-led digital payments panel
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New Delhi, Jan. 9 -- The Reserve Bank of India (RBI) on Tuesday constituted a high-level committee headed by former chairman of the Unique Identification Authority of India (UIDAI) Nandan Nilekani to set up a robust digital payments ecosystem in the country.
The committee has been asked to review the existing status of digitization of payments, identify gaps in the ecosystem and suggest ways to plug them.
According to its terms of reference, the panel has to suggest a medium-term strategy for deepening digital payments, and measures to strengthen safety and security.
"The committee shall submit its report within a period of 90 days from the date of its first meeting," the RBI said.
"Looking forward to working with the @RBI and the com...
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