The above graph represents the monthly distribution of PPI transactions in India in terms of volume and value. The total number of PPI transactions in India increased to 407.59 million in July 2019, from 389.82 million in June 2019. The total value of those transactions also increased from Rs 177.64 billion to Rs 184.37 billion during the same period.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated17 September 2019
Graph ID469
DurationApril 2011 – July 2019

As the graph shows, the PPI transactions in India increased significantly over the years, in terms of volume and value. From a mere 3.6 million in April 2012 to 8.68 million in April 2013, the Prepaid Payment Instruments recorded over 141% YoY increase in its transaction volume.

It was October 2016 when the transactions using PPIs (including mobile wallets and PPI cards) increased due to the announcement of demonetization by the Indian government. About 126.9 million transactions worth Rs 60.22 billion were completed using PPIs in the October month.

Interestingly, in October 2018, the total number of PPI transactions in India crossed the 400-million mark, while the total amount transacted crossed Rs 200-billion mark, for the first time.

Digital Transactions In India: Additional Information

The internet revolution has resulted in exploded adoption of digital methods of transactions worldwide. The users of Credit & Debit cards, mobile and internet nowadays are far more aware and digitally empowered with making financial transactions. In the last few years, however, digital transactions have branched out into multiple types of financial transactions.

Started with the use of Credit and Debit cards at POS in large retail stores, digital transactions industry has come a long way. The introduction of mobile wallets and UPI have transformed the whole digital transaction industry in India. RTGS (Real Time Gross Settlement), NEFT (National Electronic Fund Transfer), CTS (Cheque Truncation System), IMPS (Immediate Payment Service), NACH (National Automated Clearing House), UPI (Unified Payments Interface) and PPI (Prepaid Payment Instruments) are the main type of financial transactions that fall under the Digital transaction category.

Digital transactions save time and money, resulting in a better bottom line. Customer experiences are also enhanced (think of the convenience of eSigning versus having to print a contract, sign it, and then return it by mail or fax). And digital transactions improve tracking capabilities, which helps reduce errors.

The exploded adoption of smartphones, mobile apps and mobile internet has helped Digital transaction industry to grow at an unprecedented rate. With more than 500 million smartphone users, India is one of the largest countries by the number of digital transactions that are recorded every month.


The above graph is a part of Dazeinfo GraphFarm – the most trusted source of hundreds of thousands of market graphs. Our team of researchers mines millions of data points every month to bring the most updated and validated set of data points representing the comprehensive view in a graphical format. From mobile to e-commerce, from Retail to healthcare, from startups to SMEs we have carefully designed thousands of graphs for those who value and understand the importance of data visualisation.

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