The Reserve Bank of India (RBI,) on Tuesday, appointed Nandan Nilekani, the co founder of Infosys, as the Chairman of a new panel, the Digital Payments Panel.
The RBI discussed about the formation of the Digital Payments Panel to look into accelerating the digitisation of India’s economy. The Digital Payments Panel will be headed by Nandan Nilekani, the former Chairman of the Unique Identification Authority of India (UIDAI.)
Apart from Nandan Nilekani, the panel will have four other members. The members include H.R. Khan, the former Deputy Governor of the RBI, Kishore Sansi, the former Managing Director of Vijaya Bank, Aruna Sharma, the former secretary of the Ministry of Information and Technology and Sanjay Jain, the Chief Innovation Officer at Center for Innovation, Incubation and Entrepreneurship (CIIE.)
The Committee will come up with new strategies to improve the digital payments sector in India and submit a review report within 90 days for the same.
The new Committee will also ensure the safety and security of the digital payments and also create trust among the customers regarding the use of digital financial services.