Reserve Bank of India-Digital Payments Index

 

 

Context:

Recently, RBI released a Reserve Bank of India-Digital Payments Index that incorporates the extent of digitisation of payments across the country.

 

Relevance:

GS-03 (Economy- Banking)

 

What is RBI-DPI?

  • RBI-DPI captures the extent of digitisation of payment systemsΒ  and measures the inclusion of digital payments in the country.
  • It comprises of 5 parameters:
    • Payment Enablers (weight 25%),
    • Payment Infrastructure: Demand-side factors (10%),
    • Payment Infrastructure: Supply-side factors (15%),
    • Payment Performance (45%) and
    • Consumer Centricity (5%).
  • The report will be published on a semi-annual basis on RBI’s website from March 2021 onwards, with a lag of 4 months.
  • It considers March 2018 as the base period.

 

Other Publications of RBI:

  • Financial Stability Report (Half-Yearly)
  • Monetary Policy Report (Half-Yearly)
  • Consumer Confidence Survey (CCS – Quarterly)
  • Inflation Expectations Survey of Households (IESH – Quarterly)
  • Report on Foreign Exchange Reserves (Half-Yearly)

 

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