RBI Digital Payments Index rises in September
Thu, Feb 1, 2024 11:02 AM

RBI Digital Payments Index rises in September

A Flip by Shubhangi Gupta
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RBI's Digital Payments Index for September 2023 in Mumbai has increased to 418.77 from 395.57 in March 2023, reflecting growing digitisation of payments in the country. This index was introduced in January 2021 with a base of 100 in March 2018. The rise is seen in all sectors, with UPI transactions also increasing significantly to ₹18.2 lakh crore from ₹12.8 lakh crore in December.

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