Archive · 6 Aug 2025
RBI's Digital Payments Index Shows Continued Growth
The RBI, India's central bank, has a special number called the Digital Payments Index (DPI) to show how much people are using digital payments.
The DPI went up recently, meaning more people are using digital payment methods.
This index measures things like how easy it is to pay digitally and how many people are doing it.
UPI is a very popular way to pay digitally in India, allowing users to easily send and receive money.
RBI-DPI for March 2025 reached 493.22, up from 465.33 in September 2024.
The index was created in March 2018 to track digital payment growth.
RBI-DPI has five parameters: Payment Enablers, Infrastructure (Demand and Supply), Performance, and Consumer Centricity.
India leads in fast payments globally, driven by UPI's success.
UPI, launched in 2016, enables instant money transfers using phone numbers.
- Who
- RBI, consumers, and businesses using digital payment systems.
- What
- Increase in RBI-DPI reflecting the growth of digital payments in India.
- When
- RBI-DPI for March 2025 was released recently.
- Where
- India
- Why
- To understand the expansion and adoption of digital payments.
UPI and Financial Sustainability
Cost Considerations
MDR Implementation
UPI and Financial Sustainability
Industry players want MDR for large-value merchant payments.
Cost Considerations
Currently, there is no MDR applied to UPI payments.
- RBI-DPI (March 2025)
- 493.22
- RBI-DPI (September 2024)
- 465.33
- UPI Launch Year
- 2016
- RBI-DPI Base Year
- March 2018 (100)
Sources
Can a virtual credit card help build your credit score? Here’s the truth
UPI Transactions Cross 700 Million Milestone In India; Daily Transactions Have Doubled From Two Years Ago
Daily UPI-based transactions surpass 700 million for the first time
UPI Hits Record 707 Million Daily Transactions, Marks a New Digital Milestone for India
