Digital payments grow by 13%: RBI

Mumbai, July 27 Digital payments across the country registered a growth of 13.24% in a year through March 2023, as per RBI’s index that measures the adoption of online transactions. RBI’s Digital Payments Index (RBI-DPI) stood at 395.57 at end-March...

PTI

Updated At : 12:46 PM Jul 28, 2023 IST

Mumbai, July 27

Digital payments across the country registered a growth of 13.24% in a year through March 2023, as per RBI’s index that measures the adoption of online transactions.

RBI’s Digital Payments Index (RBI-DPI) stood at 395.57 at end-March 2023 compared to 377.46 in September 2022 and 349.30 in March 2022. The RBI had announced the construction of a composite RBI-DPI in March 2018 as a base to capture the extent of digitisation of payments across the country.

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