Answer: Reserve Bank of India (RBI)
Notes: RBI released the Digital Payments Index (RBI-DPI) to measure the growth of digital transactions in India. Digital payments grew by 11.1% YoY as of September 2024. The RBI-DPI for September 2024 stood at 465.33, up from 445.50 in March 2024. The index tracks five key factors: Payment Enablers, Infrastructure (Demand & Supply), Payment Performance, and Consumer Centricity. UPI’s share in digital payments surged from 34% in 2019 to 83% in 2024, with a CAGR of 74%. UPI transactions grew from ₹5.86 lakh crore (2018) to ₹246.83 lakh crore (2024).
