Digital Payment Index

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As per Reserve Bank of India’s Digital Payments Index (RBI-DPI), Digital payments across the country registered a growth of 13.24% in a year through March 2023.

About Digital Payment Index: 


  • It has been constructed by the RBI to measure the extent of digitisation of payments across the country.
  • 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.
  • It contains five broad parameters that measure the deepening and penetration of digital payments in the country over different time periods.
    • Payment Enablers with a weight of 25% (Internet, mobile, Aadhaar, bank accounts, participants, merchants)
    • Payment InfrastructureDemand-side factors weight 10% (Debit and credit cards, PPIs, Customers registered in mobile and internet banking, FASTags),
    • Payment InfrastructureSupply-side factors weight 15% (Bank branches, BCs, ATMs, PoS Terminals, QR Codes, Intermediaries),
    • Payment Performance – weight 45% (Digital payment volumes, value, unique users, paper clearing, currency in circulation, cash withdrawals) and
    • Consumer Centricity weight – 5% (awareness and education, declines, complaints, frauds, system downtime).
  • The base period of the index is March 2018.
  • The index has been published on a semi-annual basis from March 2021 onwards with a lag of 4 months.


Q1) What is Aadhaar?

Aadhaar is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI), a statutory authority established by the Government of India. It serves as a proof of identity and address for Indian residents. Aadhaar is one of the largest biometric identification systems in the world.

Source: Digital payments grow 13.24% in FY23: RBI