NEW DELHI: Admitting that there are challenges for migrating to cashless transactions, the chief ministers’ panel headed by Andhra Pradesh Chief Minister N Chandra Babu Naidu on Thursday stated the panel was looking at “low-hanging fruits” like Aadhar and Android phones for promoting the electronic payment system.
“We are trying to address the issues by studying and adopting the best practices available world over. Our first target is to grab low hanging fruits like the Aadhaar platform and the high penetration of Anroid phones,” said Naidu.
After holding its first meeting in Mumbai where the members interacted with senior RBI officials and top bankers, Naidu and NITI Aayog vice-chairman Arvind Panagaria briefed the media about the progress on cashless transactions.
“Banks have assured that they will push POS machines in a big way and in this the government would provide all assistance. Once the system is rolled out to a reasonable level, market forces will take over,” said Naidu.
The chief minister stated that sub-committee would meet on a day-to-day basis and submit its report to the government in a week’s time.
NITI Aayog CEO Amitabh Kant and Information Technolofy Secretary Aruna S were present during the media briefing.