- Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country.
- The digital payments in the country have increased by 40% in September 2021 as compared to March 2021.
- The RBI-DPI comprises 5 broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods.
- 5 Parameters:
- Payment Enablers (weight 25%),
- Payment Infrastructure – Demand-side factors (10%),
- Payment Infrastructure – Supply-side factors (15%),
- Payment Performance (45%) and
- Consumer Centricity (5%).
Tags:
Economics
