About Digital Payments Index:
- It has been constructed by the Reserve Bank of India to measure the extent of digitisation of payments across the country.
- It was first launched in January 2021.
- It is based on multiple parameters and reflects the expansion of various digital payment modes accurately.
- It is a first-of-its kind index to measure the spread of digital payments across the country.
- Base Year: It has been constructed with March 2018 as the base period, i.e., the DPI score for March 2018 is set at 100.
- The DPI index comprises five broad parameters that enable the measurement of deepening and penetration of digital payments in the country over different time periods. The parameters include:
- Payment enablers (25 per cent weightage in the index)
- Demand-side and supply-side payment infrastructure factors (10 per cent each)
- Payment performance (45 per cent)
- Consumer centricity (5 per cent)
- Each of the parameters has sub-parameters, which, in turn, consist of various measurable indicators.
