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Digital payments grow 13.24% in FY23: RBI
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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-DPI index has increased across all parameters driven by significant growth in payment infrastructure and payment performance across the country over the period,» the Reserve Bank of India said in a statement on Thursday. The central bank 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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