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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