Understanding the Committee on Digital Payments

The question asks about the chairman of a specific committee related to digital payments. Committees are often formed by governments or regulatory bodies to study important topics and provide recommendations. In this case, the focus is on promoting digital transactions.

Identifying the Chairman

A committee was indeed constituted by the Government of India to suggest measures for accelerating the pace of digitisation of payments and to curb the flow of black money by encouraging digital transactions. This committee was known as the Committee on Digital Payments.

Based on official records and reports concerning this committee, the chairman was a prominent figure known for his work in the financial sector and government.

Let's look at the options provided:

• Ratan P Watal
• H R Khan
• Nilesh Shah
• B N Satpathy

The Committee on Digital Payments was chaired by Shri Ratan P. Watal, who was the Principal Advisor for social sector, rural development, and Himalayan states at NITI Aayog at the time of the committee's formation.

Therefore, the correct individual who served as the Chairman of the Committee on Digital Payments is Ratan P Watal.