RBI’s digital payments index unveiled

Why is it in news?
  • The Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI).
Details:
  • The DPI is commenced in order to capture the extent of digitisation of payments across the country.
  • The RBI-DPI has been constructed with March 2018 as the base period.
  • The DPI for March 2019 and March 2020 work out to 153.47 and 207.84 respectively, indicating appreciable growth.
  • The DPI comprises five broad parameters:
(1) Payment Enablers
(2) Payment Infrastructure
(3) Demand-side factors and Supply-side factors
(4) Payment Performance
(5) Consumer Centricity
Posted by Jawwad Kazi on 2nd Jan 2021
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