The Reserve Bank of India has created a new committee to look into issues around digital payments in the country under the leadership of former UIDAI chairman Nandan Nilekani.

The five-member committee named High Level Committee for Deepening of Digital Payments includes members from across the sectors like regulator, government, academics, and banking.

HR Khan, former deputy governor of RBI will be a part of the committee along with Sanjay Jain, chief innovation officer, CIIE, Ahmedabad, Kishor Sansi, former chief executive of Vijaya Bank, Aruna Sharma, former secretary of Ministry of Information Technology and Steel.

While laying out the terms of reference for the committee, RBI said that they would consult on matters and provide suggestions around the role of digital payments in financial inclusion, how to accelerate digital payments adoption in the country, strengthen safety and security of payment means and also help increase customer confidence in digital transactions.

The committee will submit the report within 90 days after holding its first meeting, the central bank said.