Banking Vittarth

Digital Payment Index

#Banking_Brief_97

Reserve bank of India has constructed a composite index and named it “Digital Payment Index” to capture the extent of digitization of payments across the country. The goal to have this index is to boost the adoption of digital payments across the country and map the penetration of the cashless economy.
Recommended by Nandan Nilekani committee, RBI-DPI has started being published on the RBI’s website on a semi-annual basis from March 2021 onwards with a lag of four months.
To get more insights about this index and the parameters involved, kindly go through the post.

Credits: Masoom ZehraSuman ChokrikaRupesh Sharma and Pranay Ladha

#NIBM#VittArth#Banking#RBI#DPI#digitalpayments#cashlesseconomy

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