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      Question

      In January 2024, the RBI issued guidelines on the new

      RBI-Digital Payments Index (DPI). Which of the following parameters carries the highest weight in determining the DPI?
      A Payment Infrastructure – Supply-side factors Correct Answer Incorrect Answer
      B Payment Infrastructure – Demand-side factors Correct Answer Incorrect Answer
      C Consumer Centricity Correct Answer Incorrect Answer
      D Payment Enablers Correct Answer Incorrect Answer
      E Payment Performance Correct Answer Incorrect Answer

      Solution

      Payment Performance has the highest weight of 45% in determining the overall RBI-Digital Payments Index (RBI-DPI). The RBI-DPI comprises 5 broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods. 5 Parameters are:

      • Payment Enablers (weight 25%),
      • Payment Infrastructure – Demand-side factors (10%),
      • Payment Infrastructure – Supply-side factors (15%),
      • Payment Performance (45%) and
      • Consumer Centricity (5%).

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