IGIDR-Paypal roundtable on Enabling institutional architecture for payments sector reforms

3nd November, 2017
Grand Hyatt Mumbai

The Report of the Watal Committee on Digital Payments was released in December 2016. The Committee has made potentially far-reaching recommendations for enabling institutional architecture for payments sector reforms. In this roundtable, we bring together group of policymakers, payments system participants and researchers to review the report from the viewpoint of assessing how far we are from implementing it with the emphasis on a few key recommendations.

Saliently, mandating open access and inter-operability through RBI/NPCI is a principal recommendation of the Committee. Further, the Committee recommended an independent statutory status for the Board for Regulation and Supervision of Payments and Settlement Systems as a payments regulator. A natural corollary would be to evaluate the potential design features that the Board may retain to achieve its objectives. Finally, it is important to address issues surrounding its design and scope of regulatory sandbox as a key enabler of payments sector innovation. The roundtable will discuss and debate these key enablers for payments sector reforms.

We will end with a panel discussion on Reimagining Payments.

Confirmed participants

Ashish Agarwal, Ajay Shah National Institute of Public Finance and Policy
Chetna Batra, Research Scholar, Department of Management Studies, IIT Delhi
Poorna Bhattacharjee, International Finance Corporation
Sreyan Chatterjee, Mandar Kagade, Anjali Sharma, IGIDR Finance Research Group
Ajay Kaushal, Billdesk
Gaurav Luniya, Sandhya Menon, CMS Infosystems
Poonam Mehra, NITIE
Rohan Mishra, Mastercard
P Nath, PayPal
Kaustubh Pandey, FCO
Navtej Singh, BizStrat
Arjun Sinha, Tri Legal
Utkarsh Sinha, FinTalk


9:00 - 9:50 Breakfast
9:50 - 10:00 Opening Remarks
10:00 - 10:20 Ratan Watal Committee Report: Where do we stand in implementing its recommendations [presentation]
Chetna Batra
10:25 - 10:45 Unpacking interoperability: What is it & how to get there [presentation]
Mandar Kagade
10:50 - 11:10 Regulatory Sandbox: Getting down to the brass tacks
Anjali Sharma
11:15 - 11:35 The Payments Regulatory Board: Getting the Design Right [presentation]
Ashish Agarwal
11:40 - 12:40 Panel discussion: Re-imagining payments
Rohan Mishra
P. Nath
Ajay Shah
Utkarsh Sinha [presentation]
12:45 - 13:00 Closing Remarks
13:15 - 14:00 Lunch