Committee on Deepening of Digital Payments Submits its Report to RBI

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           In January 2019, Reserve Bank of India constituted a High-Level Committee on Deepening of Digital Payments under the Chairmanship of Shri Nandan Nilekani, former Chairman, UIDAI.

          The committee was advised to submit its report within a period of 90 days from the date of its first meeting.

          Since then, the Committee held its deliberations including consultations with various stakeholders and on 17th May 2019, submitted its report to the Governor, Reserve Bank of India.

 The Reserve Bank of India will examine the recommendations of the Committee and will dovetail the action points, wherever necessary, in its Payment Systems Vision 2021 published on May 15, 2019, for implementation.

It would have been great, if the report of ‘Committee on Deepening of Digital Payments’, is hosted on the Reserve Bank of India’s website.   
    
The report would have assisted the Digital payments industry to fine-tune their implementation policies to enhance digital transactions volumes.


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