Cabinate sub committee on digital payments in Telangana

Hyderabad,Dec 12 (Maxim News):The first meeting of Cabinet Subcommittee on promoting Digital Payments Telangana was held today at Secretariat. The meeting was chaired by IT, Industries & MAUD Minister Sri KT Rama Rao.

Ministers Sri Etela Rajender, Sri Jagadish Reddy, Sri Jupally Krishna Rao, and Sri Mahender Reddy attended the meeting.

Minister in his opening remarks said that CM Sri KCR is one of the first CMs to take a holistic approach towards Demonetization. Minister said the Telangana government is taking a series of steps to promote Digital Payments in the state.

Minister said that the ultimate aim of these measures is to ensure ease of transactions for the citizens and also improve transparency in various government & private transactions. Minister said the first village to go cashless in the state, Ibrahimpur, where a combination of UPI, POS Machines, Rupay Cards & QR Code based payments systems were used.

Minister KTR said that imparting digital payment literacy and ensuring security of user data is of paramount importance in this whole exercize.

Minister also opined that the citizens should have the ability to transact on all platforms with equal ease. He said interoperability between various banking and financial institutions are the key. Minister KTR also gave a high-level overview of the proposed T-Wallet app.

Minister said that this payment system is being designed keeping all kinds of users in mind. Minister urged the govt officials and also bankers participating in the meeting to ensure that the transition from cash payments to digital payments is smooth for the citizen.

IT Secretary Jayesh Ranjan gave a detailed presentation on the proposed T-Wallet. He said that the proposed T-Wallet will have state-of-the-art features and also inbuilt security measures.

Mr Ranjan also informed the participants that a massive digital payment literacy campaign was launched on 7th December across the state. Mr Suresh Chanda who heads the state taskforce on Digital Payments gave an overview of the various findings of the taskforce and the strategy to be followed to promote Digital Payments in the state.

Sr Govt officials, representatives from various banks, financial institutions also participated in the meeting.