RBI Digital Payments Index rises to 465.33 in Sept from 445.50 in Mar
This story was originally published at 18:54 IST on 29 January 2025
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NEW DELHI – The Reserve Bank of India's Digital Payments Index rose to 465.33 in September from 445.50 in March, the central bank said in a press release today. At 465.33, the index was at the highest level since the start of the series.
"The increase in RBI-DPI (Digital Payments Index) index was driven by growth in payment infrastructure and payment performance across the country over the period," the central bank said.
In January 2021, the central bank announced it was building a composite digital payments index to denote the extent of digitisation of payments across India. The index comprises five broad parameters that help measure the extent of digital payments in the country over different periods of time. These factors are payment enablers, payment infrastructure--demand side factors, payment infrastructure--supply side factors, payment performance, and consumer centricity. End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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