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Digital payment index
February 12 , 2020
1777 days
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- The Reserve Bank of India announced that it will create a Digital Payment Index by July 2020.
- The main aim of the index creation is to capture the extent of digitization of monetary payments in the country.
- In order to monitor the digital payments, the Central Bank is to release Digital Payment Index.
- RBI has planned to introduce classification in the index.
- The classification will include rural, urban and semi-urban geographies.
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