RBI's DPI to track reach of digitisation of payments in India by July

The Reserve Bank of India on Thursday said it would launch by July a Digital Payments Index (DPI) to capture the extent of digitisation of payments in the country.

“The DPI would be based on multiple parameters and shall reflect accurately the penetration and deepening of various digital payment modes. The DPI will be made available from July,” the banking regulator said in its statement on developmental and regulatory policies. 

The index, according to people in the know, will help the regulator understand the impact and spread of digital payments in rural, urban, and semi-urban areas, as well as understanding the impact