The Reserve Bank of India’s (RBI) digital payments index (DPI) rose to 465.33 as of September 2024, compared to 445.5 in March 2024.
- The increase in the RBI-DPI index was driven by growth in payment infrastructure and payment performance across the country over the period.
About Digital Payments Index
- The RBI-DPI was launched in January 2021.
- The DPI index indicates the extent of digitisation of payments across the country.
- The RBI-DPI has been constructed with March 2018 as the base period, i.e., the DPI score for March 2018 is set at 100.
- The DPI index comprises five broad parameters that enable the measurement of deepening and penetration of digital payments in the country over different time periods.
- The parameters include:
- Payment enablers (25 per cent weightage in the index);
- Demand-side and supply-side payment infrastructure factors (10 per cent each);
- Payment performance (45 per cent) and
- Consumer centricity (5 per cent).
