The volume of PPI payments in India in fiscal year 2020 accounted for approximately 5.5 billion. This was an increase of approximately one billion 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 2020 (in billions)
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Reserve Bank of India. (September 18, 2020). Volume of payments made through Prepaid Payment Instruments in India from financial year 2014 to 2020 (in billions) [Graph]. In Statista. Retrieved April 17, 2021, from https://www.statista.com/statistics/1034712/india-volume-of-ppi-payments/
Reserve Bank of India. "Volume of payments made through Prepaid Payment Instruments in India from financial year 2014 to 2020 (in billions)." Chart. September 18, 2020. Statista. Accessed April 17, 2021. https://www.statista.com/statistics/1034712/india-volume-of-ppi-payments/
Reserve Bank of India. (2020). Volume of payments made through Prepaid Payment Instruments in India from financial year 2014 to 2020 (in billions). Statista. Statista Inc.. Accessed: April 17, 2021. https://www.statista.com/statistics/1034712/india-volume-of-ppi-payments/
Reserve Bank of India. "Volume of Payments Made through Prepaid Payment Instruments in India from Financial Year 2014 to 2020 (in Billions)." Statista, Statista Inc., 18 Sep 2020, https://www.statista.com/statistics/1034712/india-volume-of-ppi-payments/
Reserve Bank of India, Volume of payments made through Prepaid Payment Instruments in India from financial year 2014 to 2020 (in billions) Statista, https://www.statista.com/statistics/1034712/india-volume-of-ppi-payments/ (last visited April 17, 2021)