RBI launches Digital Payments Index to track India’s cashless economy growth
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To boost the adoption of digital payments across the country and map the penetration of the cashless economy, RBI recently announced the launch of a Digital Payments Index (DPI) with the start of the new year. Accordingly, RBI will be capturing the penetration of digital payments, which includes payment enablers, payment infrastructure — demand-supply aspects, alongside payment performance and consumer centricity.