New Delhi, Jan. 29 -- The latest Reserve Bank of India (RBI) data showed a noticeable decline in the share of prepaid payment instruments (PPIs), while there was a massive surge in the share of Unified Payments Interface (UPI) transactions in the entire digital payment ecosystem.

In value terms, the share of PPIs declined from Rs.1.43 lakh crore in H2 2019 to 1.08 lakh crore in H2 2024, a massive fall of 24 per cent in a span of just two years, reveals the latest RBI data.

In the past one year alone, the share of prepaid payment instruments declined from Rs.1.46 lakh crore (in H2 2023) to Rs.1.08 lakh crore, reporting a fall of 26 per cent.

When the same data is evaluated in volume terms, the share of PPIs has fallen from 39,336 lakh t...