Volume of PPI payments India FY 2014-2024

Published by Sandhya Keelery, Feb 18, 2025

The volume of PPI payments in India in fiscal year 2024 accounted for approximately eight billion. This was an increase from the previous fiscal year. Prepaid payment instruments included m-wallets, PPI cards and paper vouchers. The digital payment market had seen significant growth in recent years, specifically in India, due to the government's efforts to digitize the economy.

Volume of payments made through Prepaid Payment Instruments in India from financial year 2014 to 2024 (in billions)

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Statistic: Volume of payments made through Prepaid Payment Instruments in India from financial year 2014 to 2024 (in billions)

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Release date

September 2024

Region

India

Survey time period

FY 2014 to FY 2024

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2024 started in April 2023 and ended in March 2024. 

Values have been rounded.

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