The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI)
FinTech BizNews Service
Mumbai, February 1, 2024: The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for September 2023 stands at 418.77 as against 395.57 for March 2023, which was announced on July 27, 2023.
The RBI-DPI index has increased across all parameters and was driven particularly by growth in payment enablers, payment performance and consumer centricity across the country over the period.
The index series since its inception is as under:
Period | RBI - DPI Index |
March 2018 (Base) | 100 |
March 2019 | 153.47 |
September 2019 | 173.49 |
March 2020 | 207.84 |
September 2020 | 217.74 |
March 2021 | 270.59 |
September 2021 | 304.06 |
March 2022 | 349.30 |
September 2022 | 377.46 |
March 2023 | 395.57 |
September 2023 | 418.77 |
