Prime Minister Narendra Modi had formed this panel on November 30 to encourage cashless transactions across the country.Mr Naidu gave this information during a press conference on Thursday evening, which was also attended by Niti Aayog vice chairman Arvind Panagariya and its CEO Amitabh Kant, who are also part of the 13-member panel. So in another 15-20 days, we will have a very new version of USSD with many strong and robust easy to handle features,” Mr Kant added.Speaking to reporters, Mr Naidu when asked as to how will people take up cashless transactions once currency notes of 500 denomination will be floated in the system after December 15, he claimed that ‘some cash will be required’ even in a cashless economy. The move will push the digital transaction in a big way particularly in rural areas where penetration of smart phone and Internet is skewed. Chandrababu Naidu to promote digital payments, will be submitting an interim report to the PMO in a “couple of days”. Andhra Pradesh Chief Minister Chandrababu Naidu New Delhi: Even as masses across the country are struggling to access their own money deposited in banks, a 13-member panel led by Andhra Pradesh chief minister N. Published: Dec 9, 2016, 1:19 am IST Updated: Dec 9, 2016, 6:19 am IST At present there are about 400 million feature mobile handset users in the country.Besides all this, the panel is also working out ways to achieve inter-operatibility of unified payment interface of various banks.At present there are about 400 million feature mobile handset users in the country.

Mr Kant said that a more user friendly and simple version of Unstructured Supplementary Service Data (USSD) used on feature mobile phones for making cashless payments will be rolled out in next 15 days.Banking correspondents in rural India will be roped in to help spread awareness among rural masses about how cashlesntBollywoodHollywoodMovie ReviewsTVMusicIn Other NewsPhotosLifeHealthFashionFoodTravelArtRelationshipMore FeaturesNewsmakers BooksScienceHoroscopeAge on SundayDelhi AgeMumbai AgeDecafDiscourse360 DegreeEditors' PicksJust InPlay Games --> Menu e-Paper | Age on Sunday led panel lamp Auto Refresh Search Horoscope Thursday,  a discussion with RBI chief Urjit Patel and other bank heads in Mumbai on Thursday to explore ways of promoting cashless transactions across the country, said that the panel will meet again on December 9 and then submit its interim to the PMO in a “couple of days”.“NCPI is already working to make USSD (*99#) very simple, convenient, robust and to link it with UPI.On poor penetration smart phones in rural areas, he claimed that this will improve with the banking correspondents being roped in to sensitise people about their usage.During their meeting with Mr Patel and other heads of PSU banks, the panel asked RBI to ensure distribution of POS machines in towns and villages, find ways to increase greater penetration of smart phones having Android software in rural India, and also promote Aadhar-enabled payments with the help of National Payments Commission. This will enable account holders to use their banks’ UPI with a subscribers of other banks’ UPI for making and receiving cashless payments

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