[ad_1]
The growth of digital payment increased in India.
The growth of digital payment increased in India.
Digital Payments:Our country is fast moving towards Digital India. At present, India has achieved amazing growth in the field of digital payment. This thing is being further confirmed by the data released by the Reserve Bank of India. Digital payments in India to grow by 13.24 per cent in a year till March 2023. RBI has presented this data on the basis of digital transaction data in the country. According to the RBI Digital Payments Index (RBI-DPI), from 377.46 in September 2022 to 395.57 in March 2023 and 349.30 in March 2022.
RBI issued statement
Releasing the statement, RBI has said that this increase in the (RBI-DPI) index reflects the growth of various infrastructure and payment performance across the country. This index was created in 2018 to count the digitization figures. The country is touching new dimensions day by day in terms of digital payments. India is growing very fast in the field of online transactions as compared to other countries of the world.
Also Read: How to lock video on Google Meet
Index shows the growth of online transactions
RBI introduced the Digital Payments Index, which consists of five broad parameters. They enable us to measure the depth and penetration of digital payments in the country over different periods. This index takes into account the type of online payments being made or the type of payment people are moving towards in its index. With the help of this, the progress of the kind of digital payment being spread across the country at different times is known. The index (RBI-DPI) is published twice a year. This is observed at an interval of every six months.
[ad_2]