India's Digital Payments Revolution: RBI-DPI Surges to New Heights
India's Reserve Bank Digital Payments Index (RBI-DPI) reaches 493.22 in March 2025, illustrating a significant rise in digital transactions since 2018. This growth, driven by improved payment infrastructure and performance, underscores India's progress in becoming a digitized economy, shaping policy and fintech innovation.
- Country:
- India
The Reserve Bank of India (RBI) announced on Monday a significant rise in its Digital Payments Index (RBI-DPI), reaching 493.22 in March 2025. This increase from 465.33 in September 2024 highlights the country's accelerating shift towards digital payment systems.
Initiated in January 2021, with a base year of March 2018 set at 100, the RBI-DPI measures the digitisation extent in India's payment landscape. The sustained upward trend reflects enhanced digital transaction adoption across both urban and rural regions.
This recent surge stems from improvements in payment infrastructure, a broader merchant network, QR code usage, UPI transactions, and digital banking. As India moves closer to a digital economy, the rising RBI-DPI is crucial for policy crafting and addressing global digital inequalities.
(With inputs from agencies.)
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