wordpress blog stats
Connect with us

Hi, what are you looking for?

,

Chart Of The Day: Interbank Mobile Payment Service

The Interbank Mobile Payment Service transactions have picked up since the launch of the service over a year ago. It’s worth noticing that most of the transactions have been inter-bank payments (between banks) rather than intra-bank (between accounts in the same bank). With more banks signing up, and merchant transactions being enabled, the platform is ready for growth. This, however, will depend on banks making a strong push for consumer awareness, and consumer adoption (which can be slow).

Data Source: National Payments Council of India

On a small base of just 6014 transactions, IMPS reported a growth of 48.04% in the total transactions during July 2011. According to National Payments Council of India, 10 of 23 banks are in soft-launch mode: Corporation Bank, Oriental Bank of Commerce, Karur Vysya Bank, IDBI Bank, Indian Overseas Bank, Punjab National Bank, South Indian Bank, UCO Bank, Vijaya Bank and Andhra Bank are in Soft Launch.

Share data sources with us: contact nikhil@medianama.com

You May Also Like

News

The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...

News

Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

Uncategorized

Minister of Road Transport and Highways Nitin Gadkari said on December 17 that GPS-based tolling will replace toll plazas in two years, The Hindu...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ