Payments Council of India Current Affairs - 2019
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Payments Council of India (PCI) has appointed Vishwas Patel, Director at Infibeam Avenues as its new Chairman. He will take over from Naveen Surya, who has been elevated to post of Chairman Emeritus. He has been associated with PCI since its inception in 2013 and was serving as PCI’s co-Chairman. PCI also has appointed Loney Antony, Managing Director, Hitachi Payment Services, as its new co-Chairman.
Payments Council of India (PCI)
PCI is an apex non-governmental body representing companies in payments and settlement system. It was formed in 2013 under aegis of IAMAI (Internet and Mobile Association of India) to cater needs of digital payment industry in India. It was formed for representing various regulated non-banking payment industry players and to help resolve various industry level issues and barriers in payments and settlement system.
It works with all its members to promote payments industry growth and support goal of ‘Cash to Less Cash Society’ and ‘Growth of Financial Inclusion’ which is also vision shared by Government of India and Reserve Bank of India (RBI). PCI works closely with regulators i.e. RBI, Finance Ministry and any similar government, departments, bodies or institutions to make ‘India a less cash society’.