Digital Payment Index Current Affairs, GK & News
The Reserve Bank of India recently released the Digital Payment Index. According to the index, the digital payments in the country have increased by 40% in September 2021 as compared to March 2021. Key findings The index measure of online transactions was 304.06 in September 2021. It was 270.59 in March 2021. In September 2020, ..
Category: Reports & Indexes Current Affairs
Topics: Demand and Supply • Digital Payment • Digital Payment Index • Digital Payments • Digital Payments Index • Digital Payments Index (RBI-DPI) • Foreign exchange • Foreign exchange reserves • National Payments Corporation of India (NPCI) • NPCI • Payment Infrastructure Development Fund • Point of sale • Reserve Bank of India (RBI)
The Reserve Bank of India recently released the Digital Payments Index to measure the growth in cashless transactions in India. What are the parameters of the Digital Payments Index? The Digital Payments Index comprises of five broad parameters. These parameters have different weight to measure the penetration of digital payments in the country. The parameters ..
The Reserve Bank of India (RBI) announced on September 10, 2020 that a Digital Payments Index (DPI) will be launched. The index will assess and capture the extent of digitalisation of payments effectively. Key Points The DPI will be based on multiple parameters It is going to assess accurately about the penetration and deepening of ..
Category: Economy & Banking Current Affairs - 2022