Business

Nandan Nilekani To Head RBI Panel On Digitization Of Payments

PRERNA YADAV | 2
3871
| January 8 , 2019 , 17:38 IST

Infosys co-founder and former UIDAI chief Nandan Nilekani was elected as the chairman of High-Level Committee on Deepening of Digital Payments in the country by the Reserve Bank Of India on Tuesday.

Nilekani, who is known as the architect of the Aadhaar, and the former Unique Identification Authority of India (UIDAI) chairman, will be aided by four other members.

The five-member panel on deepening of digital payments has been constituted with a view to encourage digitization of payments and enhance financial inclusion through digitization, the RBI said in a statement.

The committee will submit its report within 90 days from the date of its first meeting. It will review the existing status of digitization of payments in the country, identify the current gaps in the ecosystem and suggest ways to bridge them.

Besides, it will also assess the current levels of digital payments in financial inclusion and chart a roadmap to accelerate digitization of the economy.

The Committee comprises of:

1.Nandan Nilekani - Former Chairman, Unique Identification Authority of India Chairman

2.R.Khan-Former Deputy Governor, Reserve Bank of India Member

3.Kishore Sansi -Former Managing Director & Chief Executive Officer, Vijaya Bank Member

4.Aruna Sharma - Former Secretary, Ministry of Information Technology and Steel Member

5.Sanjay Jain - Chief Innovation Officer, Center for Innovation, Incubation & Entrepreneurship (CIIE), IIM Ahmedabad Member

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