RBI Announces Digital Payments Index for March 2022
On July 27, 2022, the Reserve Banknof India had announced thebcreation of a Composite Reserve
Bank of India- Digital Payments Index (RBI-DPI) based on Marchb2018 to ascertain the extent of digitization of payments across the country. The index stood at 349.30 in March 2022 as against 304.06 as of September 2021 as announced on January 19, 2022.
The RBI-DPI index has shown significant growth in recent years, reflecting the rapid adoption and
intensification of digital payments across the country. The measurement of DPI by RBInencompasses 5 broad parameters that enable an in-depth study of digital payments in the countrybover different time periods.
5 Broad Parameters
1. Payment Enablers (Weightage 25%)
2. Payment Infrastructure – Demand Side Factors (10%)
3. Payment Infrastructure – Supply Side Factors (15%)
4. Payment Performance (45%)
5. Consumer centric (5%).
The Index Series From Its Inception Is As Follows-
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