The Immediate Payment Service (IMPS) saw a 8.90% growth in the total transactions taking place between February and March 2016, although there was a 8.30% increase in total number of Mobile Money IDs (MMID), according to data published by the National Payments Corporation of India.
The transaction volumes grew on a monthly basis to 28.5 million (28,564,270 transactions) from 26.2 million transactions (26,228,928 transactions) while the amount transacted increased by 17.06% on a monthly basis to Rs 21,209.26 crore. The average transaction amount increased by 7.49% on a monthly basis to Rs 7,425.1 crore.
Month-wise details:
Bank Status
Currently, 54 commercial banks are signed up for IMPS.
Related
– Rs 18,117 Cr transacted using IMPS in February 2016
– Rs 17402 Cr transacted using IMPS in January 2016
– Rs 12663 Cr transacted using IMPS in September 2015
– Rs 7337 Cr transacted using IMPS in January 2015
– IMPS Data: 70.49M Mobile Money IDs; Rs 5,415 Cr Transacted In November 2014
– IMPS Data: 67.02M Mobile Money IDs; Rs 4,479 Cr Transacted In September 2014
– IMPS Data: 63.23M Mobile Money IDs; Rs 3,677 Cr Transacted In August 2014
– IMPS Data: 62.97M Mobile Money IDs, ICICI Bank with most; Rs 3,196 Cr Transacted In July 2014
– IMPS Data: 59.52M Mobile Money IDs, Rs 2,265.92 Crore Transacted In April 2014
– IMPS Data: 58.15M Mobile Money IDs, Rs 1,531.16 Crore Transacted In February 2014
– IMPS Data: 56.84M Mobile Money IDs, Rs 1,394.88 Crore Transacted In January 2014
– IMPS Data: 55.76M Mobile Money IDs, Rs 1,235.20 Crore Transacted In December 2013
