The Reserve Bank of India has 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.
In a tweet, Nilekani said: “Looking forward to working with the @RBI and the committee to reimagine payments for India and Indians!”
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.