Fast-track shift to digital payments: Nilekani panel
New Delhi, June 3 -- The Reserve Bank of India (RBI) and the government must target growth in the volume of digital payments by a factor of 10 in three years, leading to doubling in value relative to gross domestic product (GDP), said the Nandan Nilekani-led committee on deepening of digital payments. This growth will be driven by a shift from high-value, low-volume, high-cost transactions to low-value, high-volume, low-cost transactions, the panel noted....
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