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India - Number of PPI Cards (Prepaid Payment Instruments)

Monthly count of issued PPI Cards (Prepaid Payment Instruments) in India from Nov 2019 onwards. Includes prepaid cards issued by banks and non-banks used for digital payments, transit, gifting, and corporate payouts. Source: RBI Payment System Indicators.

  • Verified official series
  • Licensed export
  • Source: Reserve Bank of India
LATEST VALUE (May 2026)462.561million
MAX VALUE489.195million in Aug 2025
GROWTH SINCE START353.8%Nov 2019 to May 2026
YEARS OF DATA7 YearsNov 2019 to May 2026
TOTAL DATA POINTS79Monthly Observations

PPI Cards - Total Count(million)

Updated Jan 31, 2026

Nov 2019
101.933 million
May 2026
462.561 million
Formula
Formula
Value = As reported by the official source.

This dataset represents reported values over time. Growth patterns should be interpreted using the chart and filters, not CAGR.

Source
Source
Reserve Bank of India
How to explore
How to explore
  • Use custom date filters to explore different periods.
  • Track short-term spikes or declines using MoM changes.
  • Compare early vs recent values to understand scale changes.

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