A high-level committee led by Nandan Nilekani constituted to study the progress of digital payments submitted their report to the Reserve Bank of India, said the central bank in its official communique.
The five-member team was constituted in January this year for consulting with various stakeholders of the payments segment and deliberate on solutions to strengthen the industry further.
The regulators assured that they will be implementing the panel’s recommendations wherever they feel a need of it in their payments vision document released earlier this week.
“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,” RBI said.
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