New Delhi :– A Committee on Digital Payments under the Chairmanship of Ratan P. Watal, Principal Adviser, NITI Aayog was constituted by the Government of India on August 2016.
One of the key recommendations of this Committee related to the development of a metric for Digital Payments in the country. As a follow up, a group of stakeholders was constituted in NITI Aayog under the Chairmanship Ratan P. Watal. The report provided valuable information on the trends in Digital Payments in the country and also captured the impact of demonetisation on the growth of the same across various segments.
On Tuesday, Ratan P. Watal, released the Second Annual Edition of this Booklet at a Seminar on ‘Digital Payments – Trends, Issues & Opportunities’. It covers the areas of policy developments, global trends and opportunities in Digital Payments and will bring out the key trends in the growth of Digital Payments so far.
Speaking on the Occasion, Ratan P. Watal, Principal Adviser, NITI Aayog, said,
“It is indeed an honor to come and speak to you before the launch of second edition of digital payments- Digital Payments, Trends, Issues & Oppurtunities. As we know Digital Payments is growing . Demonetization has set the pace to look at that new area with new perspectives. I just prepared this report and gave it to the Government. Report given with 13-14 recommended timeline. One of the recommendation is how you measure this whole business of digital payments. Unless you measures a thing right you can’t move forward.”
He further said, “The booklet has been prepared in consultation and with inputs/comments received from RBI, CAG, MeitY and NPCI. It covers the areas of policy developments, global trends and opportunities in Digital Payments and will bring out the key trends in the growth of Digital Payments so far.”