The above graph represents the total value of PPI transactions in India by month. In July 2019, Prepaid payment instruments (PPIs) recorded a volume of about 407.59 million transactions valued at Rs 184.37 billion in India. In terms of value, the PPI transactions grew nearly 3.8% month-over-month from Rs 177.64 billion in June 2019.

RegionIndia
SourceReserve Bank of India (RBI)
Last Updated18 September 2019
Graph ID468
DurationApril 2011 – July 2019

It was October 2018 when the total value of PPI transactions in India reached an all-time high of Rs 221.28 billion. Out of that, nearly 85% or Rs 187.86 billion was transacted through mobile wallets by Indians. However, it declined to Rs 185.19 billion in the following month.

It was the first time in January 2017 when the total amount transacted using PPIs (including mobile wallets and PPI cards) exceeded Rs 100-billion mark in a month. About 295.8 million transactions worth Rs 110 billion were recorded in India.

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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