Question

        The Trade Receivables Discounting System ( TReDS ) platform, the Receivables Exchange of India Ltd (RXIL), has financed over 50 lakh invoices totaling ₹1 lakh crore. The joint venture between SIDBI, NSE, State Bank of India, ICICI Bank, and YES Bank, provides working capital solutions for MSMEs by facilitating invoice financing on the platform. In FY24, RXIL saw monthly invoice financing volumes grow to over ₹6,000 crore. The platform is now targetting financing for ₹75,000 crore worth of invoices in FY25.   

    A Payment Enablers Correct Answer Incorrect Answer
    B Payment Infrastructure – Demand-side factors Correct Answer Incorrect Answer
    C Payment Infrastructure – Supply-side factors Correct Answer Incorrect Answer
    D Payment Performance Correct Answer Incorrect Answer
    E Consumer Protection Correct Answer Incorrect Answer

    Solution

    The RBI-DPI comprises 5 broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods.   5 Parameters:   Payment Enablers (weight 25%),   Payment Infrastructure – Demand-side factors (10%),   Payment Infrastructure – Supply-side factors (15%),   Payment Performance (45%) and   Consumer Centricity (5%).  

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