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RBI panel on digital payments submits report

The high-level committee headed by Nandan Nilekani to study on deepening digital payments has submitted its report to the Reserve Bank of India. RBI said it will implement the recommendations after a review. The 5-member team was set up in January to consult with various stakeholders of the payments ecosystem and deliberate on solutions to further strengthen the system. RBI said in a press release it will examine the recommendations of the Committee and will dovetail the action points, wherever necessary, in its Payment Systems Vision 2021 published recently, for implementation.

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