Average digital wallet payment slips to ₹326 as PPIs become everyday rail
Pahle India Foundation whitepaper finds prepaid wallet ticket size fell from ₹365 to ₹326, even as monthly volumes nearly doubled to 8,750 lakh by March 2026 and value hit ₹28,500 crore. Signals wallets entrenching in utilities, food delivery, transport and gig payouts as paper payments shrink 15.7%.
What happened
Pahle India Foundation whitepaper finds average prepaid wallet transaction fell to ₹326 from ₹365, with volumes nearly doubling to 8,750 lakh monthly by March
Key facts
- ₹326 avg PPI transaction
- down from ₹365
- 8,750 lakh monthly transactions by Mar 2026
- ₹28,500 crore monthly value
- RBI Digital Payments Index up 137%
- paper payments down 15.7%
Why this matters
With paper payments down 15.7% and wallets entrenching in gig payouts and utilities, accretive M&A targets are niche PPI issuers, biller aggregators, and transit/gig disbursement specialists.