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Checkout.com, the global payments provider, has released its latest research on the disparities in payment performance in the digital economy. The
RBI's Digital Payments Index (RBI-DPI) stood at 395.57 at end-March 2023 compared to 377.46 in September 2022 and 349.30 in March 2022.
Digital payments across the country registered a growth of nearly 29 per cent in a year through March 2022, as per the RBI’s latest index that measures the adoption of online transactions, , digital payments, Online Transactions
'The RBI-DPI index has demonstrated significant growth, representing the rapid adoption and deepening of digital payments across the country in recent years,' the RBI said in a statement on Wednesday.
The RBI-DPI comprises 5 broad parameters that enable the measurement of the deepening and penetration of digital payments in the country over different periods.