Reserve Bank Of India Introduces The RBI-Digital Payments Index
The Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country.
The RBI-DPI comprises of 5 broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods:
- Payment Enablers (weight 25%)
- Payment Infrastructure – Demand-side factors (10%)
- Payment Infrastructure – Supply-side factors (15%)
- Payment Performance (45%)
- Consumer Centricity (5%)
- Each of these parameters have sub-parameters which, in turn, consist of various measurable indicators. The major sub-parameters under each parameter are available here.
- The RBI-DPI has been constructed with March 2018 as the base period, i.e. DPI score for March 2018 is set at 100.
- The DPI for March 2019 and March 2020 work out to 153.47 and 207.84 respectively, indicating appreciable growth.
- Going forward, RBI-DPI shall be published on RBI’s website on a semi-annual basis from March 2021 onwards with a lag of 4 months.
- Appointment & Resignation
- Awards In News
- Ecology & Environment
- Famous Books
- Important Days/Weeks
- Important Decade
- Military Exercise & Operations
- Organisation In News
- Persons In News
- Places In News
- Plans & Policy
- Scheme & Programme
- Science & Technology
- Species In News
- Summit, Seminars & Conferences
- Web Portal & Apps
State In News