RBI introduces Digital Payments Index, says DPI grew 2x in March 2020 vs March 2018 – The Economic Times Video

Economy


The 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 RBI-DPI comprises of five broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods. The index has been constructed with March 2018 as the base period, with a DPI score for of 100. The DPI for March 2019 and March 2020 work out to 153.47 and 207.84, respectively, indicating appreciable growth, said the statement.



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