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Nandan Nilekani committee submits report on payments to RBI

The five-member team was formed in January this year to consult with various stakeholders of the payments ecosystem and deliberate on solutions to further strengthen the industry.

, ET Bureau|
Updated: May 18, 2019, 06.26 AM IST
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The regulators said that they will implement the panel’s recommendations wherever they deem necessary in their payments vision document released earlier this week.
MUMBAI: Nandan Nilekani led high-level committee on deepening digital payments submitted their report to the Reserve Bank of India on Friday, the central bank said in a press release.

The five-member team was formed in January this year to consult with various stakeholders of the payments ecosystem and deliberate on solutions to further strengthen the industry.

The regulators said that they will implement the panel’s recommendations wherever they deem necessary 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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