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…
- Parliament member John Brittas writes to PM Modi, flags concerns about rising Aadhaar-enabled payment frauds June 1, 2023
- Viacom18’s JioCinema ramps up its premium catalogue with titles from Comcast’s NBCUniversal June 1, 2023
- UK’s National Health Service Leaks Sensitive Patient Data to Facebook June 1, 2023
- Meta’s shareholders reject proposal seeking to address hate speech in India June 1, 2023
- ONDC limits discounts under new incentive structure June 1, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...