The RBI (Reserve Bank of India) is in the process of constructing a digital payment index to assess the extent of digitisation in the country and innovation in existing modes and channels to bridge digital divide, a senior official of the apex bank said on Wednesday 9th September.
There is still a lot of catching up to do as per-capita penetration is still quite low said RBI Executive Director T Rabi Sankar, by observing that digital payments in India is been growing rapidly.
While addressing a webinar organised by the US-India Business Council he said, “RBI is in the process of…constructing and periodically publishing a composite digital payment index (DPI) to capture the extent of digitisation. The DPI could be the key to accurately measure the deepening and penetration of digital payments across the country.”
