“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 in a statement on Thursday.
The central bank had announced the construction of a composite RBI-DPI in March 2018 as a base to capture the extent of digitisation of payments across the country.
The index comprises five broad parameters that enable the measurement of the deepening and penetration of digital payments in the country over different periods.
These parameters are Payment Enablers (weight 25%); Payment Infrastructure – Demand-side factors (10%); Payment Infrastructure – Supply-side factors (15%); Payment Performance (45%); and Consumer Centricity (5%).
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The index is published on a semi-annual basis from March 2021 onwards with a lag of four months.
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