January 30, 2025 1:15 PM

RBI: Year-on-Year UPI expansion propels India’s digital ecosystem

Digital payments across India recorded a double-digit increase of 11.1 per cent year-on-year (YoY) as of September 2024, according to the Reserve Bank of India’s (RBI) index that measures the adoption of online transactions, as stated in a central bank statement. The RBI’s Digital Payments Index (RBI-DPI) for September 2024 stands at 465.33, up from 445.50 in March 2024. The increase was driven by growth in payment infrastructure and payment performance across the country, the RBI noted. T...