For the month ending July 31, 2018, number of transactions using Prepaid Payment Instruments (which includes both Mobile Wallets and PPI Cards combined) increased by 6% to 351.8 million as compared to 333 million in June 2018, and went up 30% compared to 270.2 million in July 2017, according to data from the Reserve Bank of India. The amount transacted grew 7% month on month to Rs 17,519 crores from Rs 16,346 crores, and surged 78% year on year from Rs 9,856 crores in July 2017.
Much of the decline happened in Mobile Wallets, which increased 5% month on month to 325.2 million transactions from 309.6 million, and up 38% year on year from 235.5 million transactions in July 2017. Amount transacted using Mobile Wallets increased 4% to Rs 15,202 crores from Rs 14,632 crores and grew 119% year on year from Rs 6,934 crores in July 2017.
The number of transactions for PPIs (Wallets + PPI Cards) increased by 18.9 million in July 2018. Total amount transacted went up by Rs 1,125 crore.
The number of transactions for Mobile Wallets grew by 15.6 million in July 2018, while the total amount transacted was up by Rs 570 crore. In the previous month (June 2018), the number of transactions had decreased by 15.8 million, and the amount transacted had grown by Rs 585 crore.
The average amount per transaction for PPI went up to Rs 498 for July 2018. It has been trending up, with an increase in the amount transacted, whereas average amount per transaction for Mobile Wallets was Rs 467. A year ago it had been Rs 365.
Data Source: RBI