DIGITAL PAYMENTS INDEX (DPI) by RBI

0
1251

DIGITAL PAYMENTS INDEX (DPI)

The Reserve Bank of India (RBI) has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country.


DIGITAL PAYMENTS INDEX

About Digital Payments Index

♦ The RBI-DPI has been constructed with March 2018 as the base period.

♦ The DPI in March 2019 and March 2020 reached 153.47 and 207.84, respectively, indicating considerable growth.

♦ RBI-DPI contains five main parameters: Payment Enablers, Payment Infrastructure – Demand-side factors and Supply-side factors, Payment Performance and Consumer Centricity.

♦ The RBI-DPI should be published on the RBI’s website every six months starting in March 2021 for 4 months.

 

Important Information of Digital Payments Index

The digital payments ecosystem is currently dominated by large technology players including Paytm, PhonePe, Google Pay, and recently launched WhatsApp Payments.
India’s UPI payments had shot up 82 per cent in the current fiscal year’s Q2 along with a 99 per cent jump in value from the year-ago period, according to the Worldline India Digital Payments report.

 

Read More:

1. Complete GK/GS Preparation Bag Click Here
2. Static Awareness Preparation Bag Click Here
3. English Preparation Bag Click Here
4. Banking Awareness Preparation Bag Click Here
5. Data Interpretation Preparation Bag Click Here
6. Quant Preparation Bag Click Here
7. Computer Awareness Preparation Bag Click Here
8. Reasoning Preparation Bag Click Here
9. Daily Current Affairs Click Here
10. Monthly Current Affairs PDF Click Here
11. Daily Current Affairs Quiz Click Here

 

 

Please Support us Like & Share Our Social Network
Facebook   https://www.facebook.com/ExamsCartOfficial
Telegram  https://telegram.me/ExamsCart
Twitter  https://twitter.com/Exams_Cart
Instagram https://www.instagram.com/Exams_Cart/
YouTube Click Here To Subscribe Now
Current Affairs App
Click Here to Download Free Current Affairs App by ExamsCart.com

 

Thank You.

By TEAM ExamsCart.com

ExamsCart

(Government Exams ? Crack with Us…)

Leave a Reply