RBI to release Digital Payment Index by July 2020 |ForumIAS

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News:The Reserve Bank of India announced that it will create a Digital Payment Index by July 2020.

Facts:

About the Index:

Aim:To capture the extent of digitization of monetary payments in the country.
The index will have a classification of urban, semi-urban and rural geographies to analyze the kind of digital payments that are gaining acceptance.
It will also help the regulator and government to understand the adoption of digital payments in the country.