Digital payments show 40% annual growth at Sept-end: RBI

Mumbai: Digital payments across the country registered a growth of nearly 40 per cent in a year through September 2021, as per the RBI's latest index that measures the adoption of online

transactions.

The newly constituted RBI's digital payment index (RBI-DPI) stood at 304.06 during September 2021 as against 270.59 in March 2021 and 217.74 in September

2020.

The RBI-DPI Index continues to demonstrate significant growth in adoption and deepening of digital payments across the country the RBI said in a statement on

Wednesday.

The Reserve Bank had announced construction of a composite Reserve Bank of India Digital Payments Index (RBI-DPI) with March 2018 as base to capture the extent of digitisation of payments across the country.