Mobile wallets saw a decrease of 8.8% in the number of transactions, and of 3.6% in amount transacted for the month ending April 2016. This ended a five month streak of growth in amount transacted each month, even though the number of transactions has fluctuated.
mwallet no of transactions and amount of transactions apr-16
What’s worth noting is that the total amount transacted by Mobile wallets, at least as per the RBI, was as much as Rs 2293 crore. However, the number of transactions, at 48.76 crores is low, and substantially lower than the 67.1 million reported in April last year. So the amount transacted using mobile wallets has increased, even as the number of transactions has increased. A month on month comparison, however, indicates greater volatility:
mwallet change in no of transactions and amount of transactions apr-16
Number of transactions for mobile wallets decreased by 4.7 million in April 2016, in comparison with March, while the total amount transacted was down by just Rs 86 crore. In the previous month, number of transactions had increased by 4.4 million, while amount transacted had increased by Rs 128 crore.
The average amount per transaction has been steady for mobile wallets, though, and there’s far greater volatility in case of Prepaid Cards:
ppi and mwallet average amount per transaction apr-16
The volatility in prepaid card transactions may be down to higher volumes of usage. However, a sudden dip in prepaid card transactions was also witnessed in April 2016, after a sharp increase in March. For the month ending April 2016, number of transactions grew 10.8%, while the amount transacted declined by 33.8%.
ppi no of transactions and amount of transactions apr-16
Number of transactions for prepaid cards increased by 1.99 million in April 2016. Total amount transacted came down by Rs 1108 crore, the highest ever dip.
 ppi change in no of transactions and amount of transactions apr-16
In April 2016,  average amount per transaction for prepaid cards was Rs 1058  and it has stayed over Rs 1000 consistently throughout the year. For mobile wallets, average amount per transaction is just Rs 470.
More in our digital payments coverage here.