Digital Payments Index (DPI)
- The Reserve Bank of India (RBI) has constructed a composite digital payments index (DPI) to capture the extent of digitization of payments services in India.
- The RBI-DPI comprises five broad parameters, which measure the penetration of digital payments in the country over different time periods.
- These parameters, include payment enablers (weightage of 25%), payment infrastructure—demand-side factors (10%), payment infrastructure —supply-side factors (15%), payment performance (45%) and consumer centricity (5%).
- Besides, each parameter has sub-parameters, which in turn, consist of various measurable indicators.
- The RBI-DPI has been constructed with March 2018 as the base period, and DPI score for March 2018 is set at 100.
- The DPI for March 2019 and March 2020 work out to 153.47 and 207.84, respectively.
- RBI-DPI shall be published on its website every six months from March 2021 with a lag of four months.
Source : Live Mint