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Digital payments increase 12.6% at March-end 2024, shows RBI data

Business Standard LogoBusiness Standard9h ago

Digital payments increase 12.6% at March-end 2024, shows RBI data - Business Standard

Quick Summary:

"The RBI-DPI index has increased across all parameters driven by significant growth in payment performance and payment infrastructure across the country over the period, Reserve Bank of India (RBI) said in a statement on Friday.

Digital payments across the country registered a 12.6 per cent on-year rise as on March 31, 2024, according to RBI's index that measures the adoption of online transactions.

The index comprises five broad parameters that enable the measurement of the deepening and penetration of digital payments in the country over different periods.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 16:52:01 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21783686

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 300 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

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Website Security: Secure (HTTPS)

Publisher ID: #49

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