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MMID, IMPS and its rise and usage in India

There is a large percentage of Indian population which is indulged in day to day operations requiring check payment processing through their local banks. Operations at the banks come to a halt during weekends and during public holidays. Closure of banking operations affects the bank's customers who rely on daily transactions and processing of their payments.

In the late 90’s and early 00’s India saw an emergence of cards and

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