Categories: Appointments

Vishwas Patel re-elected as chairman of Payments Council of India

Vishwas Patel has been re-elected as the Chairman of Payments Council of India (PCI) for the second time in 2022, previously he was elected as a Chairman of PCI in the year 2018. In 2013, he served as Co-Chairman of PCI. PCI is a payment ecosystem industry body and is a part of the Internet and Mobile Association of India (IAMAI). PCI aims to promote a cashless transaction society and vision to grow digital payment in India.

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About the Payments Council of India:

The Payments Council of India works to promote the growth of the Indian payment industry and promote a cashless economy in the country. It works with other important financial and banking Institutions and Organisations to turn India into a ‘cashless society.
This industry body for digital operators in the country is said to be in its final stages of submitting its independent application to become a self-regulatory organisation (SRO) for digital payments, under the mandate of the Reserve Bank of India (RBI).
PCI functions in line with the Digital India Initiative and closely works with the financial regulators of the country.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.