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RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March

RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March

RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March: According to the RBI’s Digital Payments Index, which gauges the uptake of online transactions, digital payments worldwide saw growth of 24.13% in the year through September 2022.The newly-constituted RBI’s Digital Payments Index (RBI-DPI) stood at 377.46 in September 2022 against 349.30 in March 2022 and 304.06 in September 2021. Starting in March 2021, the index will be released twice a year, or semi-annually, with a four-month lag.

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More About The RBI’s Digital Payments Index (RBI-DPI):

The RBI-DPI Index has increased across all parameters driven by significant growth in payment infrastructure and payment performance across the country over the period,  Reserve Bank of India (RBI) said.

What is RBI’s Digital Payments Index (RBI-DPI):

Parameters of Digital Payment Index(DPI):

The RBI-DPI comprises 5 broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods. These parameters are-

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