Mumbai: Digital payments across the country registered a growth of near ty 40 percent in a year through September 2021, per the RBI's latest index that measures the adoption of online transactions.

The newly constituted RBI's digital payment index (RBI-DPI) stood at 304.06 during September 2021 as against 220.50 in March 2021 and 217,74 in September 2020. "The RBI-DPI Index continues to demonstrate significant growth in adoption and deepening of digital payments across the country," the RBI said in a statement

on Wednesday. The Reserve Bank had announced the construction of a composite Reserve Bank of India- Digital Payments Index (RBI-DPI) with March 2018 as a base to capture the extent of digitization of payments across the country.

The RBI-DPI comprises 5 broad parameters that enable measurement of deepening and penetration of digital payments in the country over different periods.

These parameters are Payment Enablers (weight 25 percent); Payment Infrastructure Demand-side factors (10 percent): Payment Infrastructure - Supply-side factors (15 percent); Payment Performance (45 percent); and Consumer Centricity (5 percent).