Digital payments across the country registered a growth of 24.13 per cent in a year through September 2022, as per the RBI’s Digital Payments Index which measures the adoption of online transactions. 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. The index is published on a semi-annual basis(i.e. twice a year) from March 2021 onwards with a lag of four months.
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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.
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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