Revenue of prepaid payment instruments transactions in India FY 2020-2029

Published by Sandhya Keelery, Oct 9, 2024

In financial year 2024, over 228 billion Indian rupees was generated through Prepaid payment instruments (PPI) across India. The revenue was estimated to increase to nearly 500 billion Indian rupees in financial year 2029. Issuance and loading fee, float income, breakage, forex arbitrage and mark-up, interchange income and transaction charges were the source of revenue of PPIs.

Revenue of prepaid payment instruments (PPI) transactions across India from financial year 2020 to 2024, with estimates until 2029 (in billion Indian rupees)

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Release date

August 2024

Region

India

Survey time period

FY 2020 to FY 2024

Supplementary notes


India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.

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