Digital payments index rises 10.7% in FY25, shows steady growth in supply-side infrastructure: RBI
Reserve Bank of India
's (RBI) Digital Payments Index (DPI) recording a 10.7% year-on-year increase as of March 2025, reflecting deeper adoption and performance gains in online transactions nationwide.
The RBI-DPI stood at 493.22 in March 2025, up from 445.5 in March 2024 and 465.33 in September 2024, according to the central bank's latest semi-annual update. The index uses March 2018 as its base period, which is set at 100, PTI reported.
'The increase in RBI-DPI index was driven by significant growth in parameters viz. Payment Infrastructure – Supply-side factors and Payment Performance across the country over the period,' the RBI said in a statement on Monday.
Launched in January 2021, the RBI-DPI is a composite measure designed to capture the extent of digitisation of payments across India.
The index comprises five key parameters that track the penetration and deepening of digital payment systems. These include:
Payment Enablers (25% weight)
Payment Infrastructure – Demand-side factors (10%)
Payment Infrastructure – Supply-side factors (15%)
Payment Performance (45%)
Consumer Centricity (5%)
RBI has said the index is published twice a year, for March and September, with a four-month lag. The steady rise in the index highlights India's growing digital payment ecosystem, supported by the government and the central bank's focus on financial inclusion and digital infrastructure.
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