Mumbai, July 29 -- In a clear signal of India's accelerating digital payments revolution, the Reserve Bank of India (RBI) on Monday announced that its Digital Payments Index (RBI-DPI) surged to 493.22 in March 2025, up from 465.33 recorded in September 2024.

The RBI-DPI was introduced in January 2021, with March 2018 as the base period set at 100, and is designed to track the extent of digitisation of payments in the country. The consistent upward trajectory of the index underlines India's rapid strides in adopting digital payment systems, both in urban and rural India.

According to the RBI, the latest increase has been primarily driven by strong improvements in Payment Infrastructure - Supply-side factors and Payment Performance. These...