New Delhi: NITI Aayog in collaboration with DoT and International Telecommunication Union (ITU) organized a two-week online course from 1st – 15th October 2018 on ‘Understanding Digital Payments for mid-level Government Officers/Academicians’ engaged in training. The ITU-designed course covered various aspects related to Digital Payments such as standards, interoperability, security issues, futuristic trends like distributed ledger technologies, consumer protection aspects etc.
On Monday, FICCI, jointly with NITI Aayog, organised a workshop on the ‘Online Digital Payments Program’ at FICCI, New Delhi.NITI Aayog Principal Adviser, Ratan P. Watal chaired the review meeting of Online Course on Digital Payments.
Speaking on the occasion, Ratan Watal, Member Secretary, PMEAC and Principal Advisor, NITI Aayog said,
“There is lot of things in digital payments which needs to be learned. There are still connectivity problems in remote places. Digial payments are the germs of eCommerce. Digital payments are expanding rapidly but also changing because of the pervasive use of tablets and smartphones, whose use Is not confined to consumer transactions.”
He further said, “Payments are complex because they usually Involve several parties in addition to the buyer and seller there are also the buyer’s bank, the seller’s bank and the country’s centraI bank, as well as service providers who transmit payment data and aggregate transactions.”