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To Push Digital Payments, RBI Sets up Panel Under Nandan Nilekani
January 10, 2019
Unhappy with the slow adoption of digital payment methods across the country, the central bank RBI has set up a high-level panel under Infosys co-founder Nandan Nilekani who was also once the chairman of Unique Identification Authority of India (UIDAI). The panel has been directed to offer suggestions on increasing the safety of digital payments in India.
The Reserve Bank of India in its official statement said that the five-member committee will help in encouraging digitization of payments and financial inclusion.
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