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RBI Data Reveals a 13.24% Boost in Digital Payments in FY23

  • The Reserve Bank of India – Digital Payments Index (RBI-DPI) indicated the growth in digitisation of payments.
  • The index rose from 377.46 in September 2022 to 395.58 in March 2023, a growth of 13.24%.
  • A PwC India report anticipates Unified Payments Interface (UPI) transactions to reach 1 billion per day by 2026-27.
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