The Reserve Bank of India (RBI) introduced the Digital Payments Index (RBI-DPI) as a composite measure to assess the extent of digital payments in India. Since January 2021, the RBI has been releasing this index biannually, with March 2018 as the base year. Among the various parameters considered in the RBI-DPI, which one holds the highest weightage?

The correct answer is Payment performance (45%).

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• The highest weighting factor in India’s Digital Payments Index (DPI) is for Payment performance (45%).

Key Points

RBI’s Digital Payments Index (DPI)

• Purpose: Measures the extent of digital payment adoption across India.
• Launched: January 2021.
• Base Year: March 2018 (DPI score set at 100).
• Comprehensive Parameters: Five key components with specific weightages:
  • Payment Enablers – 25%
  • Payment Infrastructure (Demand-side) – 10%
  • Payment Infrastructure (Supply-side) – 10%
  • Payment Performance – 45%
  • Consumer Centricity – 5%