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Digital payment index for March rises to 270.59, indicating rapid adoption

Digital transactions grew steadily throughout FY21, retail payments like UPI, IMPS and NACH showed resilience and healthy growth

(Photo: Bloomberg)
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(Photo: Bloomberg)

Subrata Panda Mumbai
The Reserve Bank of India’s (RBI) digital payments index (DPI), which was launched in January to indicate the extent of digitisation of payments across the country, shows the index for March 2021 stood at 270.59 as against 207.94 of March 2020, thus signifying the rapid adoption of digital payments in the country since the onset of the pandemic.

“The RBI-DPI index has demonstrated significant growth in the index representing the rapid adoption and deepening of digital payments across the country in recent years," the central bank said in a statement on Wednesday.

In March 2019 the index stood at 153.47

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