RBI to launch Digital Payments Index

The Reserve Bank of India (RBI) recently released its statement on developmental and regulatory policies, along with the February 2020 Monetary policy statement.

In the statement, the central bank announced about the launch of Digital Payments Index (DPI), which will assess the digitalisation of payments in the country. The DPI will accurately measure the penetration of digital payment modes among the general public of the country. The index is proposed to be launched from July 2020.