The Reserve Bank of India (RBI) has constituted a high-level committee under Nandan Nilekani to suggest measures to strengthen the safety and security of digital payments in the country.
Nandan Nilekani will be the head of the committee which comprises of former RBI deputy governor H.R. Khan, former MD and CEO of Vijaya Bank Kishore Sansi, former secretary in ministries of IT and steel Aruna Sharma and chief innovation officer, Centre for Innovation, Incubation & Entrepreneurship (CIIE), IIM Ahmedabad, Sanjay Jain.
To encourage digitisation of payments and enhance financial inclusion through digitization. Reviewing the existing status of digitisation of payments in the country, identifying the current gaps in the ecosystem and suggesting ways to bridge them. Assessing the current levels of digital payments in financial inclusion. Suggest measures to strengthen the safety and security of digital payments.