IMPS: What’s it all about. How is it shaping up in the Indian Banking Sector?

Interbank Mobile Payment Service (IMPS) is gaining popularity in India. Most of the major banks are extending this service to account holders to access accounts and transfer funds using mobile phones.

National Payments Corporation of India (NPCI) has also announced extension of IMPS service to merchant payments as a form of support to IMPS. Banks such as State Bank of India, ICICI ...

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