The Reserve Bank of India vide its notification dated 1st January 2020 has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country.
The RBI-DPI comprises five broad parameters that enable the measurement of deepening and penetration of digital payments in the country over different time periods. These parameters are Payment Enablers, Payment Infrastructure – Demand-side factors, Payment Infrastructure – Supply-side factors, Payment Performance and Consumer Centricity.
Each of these parameters also consisted of sub-parameters which, in turn, included various measurable indicators.
