1 Imps April 2016

The Immediate Payment Service (IMPS) saw a 3.34% growth in the total transactions taking place between March and April 2016, although there was a 3.93% 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 29.5 million (29,519,016 transactions) from 28.5 million transactions (28,564,270 transactions) while the amount transacted increased by 5.43% on a monthly basis to Rs 22,360.8 crore. The average transaction amount increased by 2.02% on a monthly basis to Rs 7,575.05 crore.

Month-wise details:

2 Imps April 2016

3 Imps April 2016

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Bank Status

Currently, 54 commercial banks are signed up for IMPS.

Related

–  Rs 21,209 Cr transacted using IMPS in March 2016
–  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