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RBI Digital Payment Index

Published on January 03, 2021
Current Context: The Reserve Bank of India has released the ‘Digital Payments Index (DPI)’ which measures the extent of digitisation of payments in India.
RBI Digital Payment Index
  • The DPI is based on 5 key parameters which are used to measure deepening and penetration of digital payments in the country over different time periods. 
  • The parameters and their weightage are: payment enablers (25% weight), payment infrastructure – demand-side factor (10%), payment infrastructure – supply-side factors (15%), payment performance (45%), and consumer centricity (5%).
  • The base period considered to measure DPI is March 2018 by RBI with the score set at 100. 
  • RBI has measured DPI for March 2019 and March 2020 which came to 153.47 and 207.84 respectively which indicated an appreciable growth.
  • Static Part: 
    • HQ of RBI: Mumbai 
    • Governor of RBI: Shaktikanta Das

Question: 

Q.1 Who among the following released ‘Digital Payments Index (DPI)’ which measures the extent of digitisation of payments in India?
a. NITI Aayog
b. State Bank of India
c. Ministry of Finance
d. Reserve Bank of India
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