Indian payment services provider atom technologies, a subsidiary of Financial Technologies (India) Limited, has introduced Interbank Mobile Payment Service (IMPS) to its service, enabling merchants to make Interbank payments on their mobile phones. The company has partnered with Yes Bank for this initiative. Clientele: While the financials details of the deal remained undisclosed, Atom technologies stated that some of its clients will be integrating IMPS operations through this initiative. These include companies like Reliance Energy (through IVR), Next Retail India Limited, Univercell Telecommunications India Private Limited, Ferns N Petals and Annamalai University among others. Previous Developments: In September 2012, Dish TV had introduced a new recharge option through Interbank Mobile Payments Service (IMPS), allowing Dish TV customers to use the service through the company's mobile application, Dish TV website and Interactive voice response (IVR). The company had tied up with Yes Bank for this initiative, and the company had stated that any Dish TV subscriber who has an account with any of the banks that supports IMPS merchant payments, can utilize the service. Prior to this, IRCTC had integrated IMPS to its railway ticket booking system in July 2012 and four banks including State Bank of India, Union Bank of India, Canara Bank and Kotak Mahindra Bank had enabled this service back then, as per an email sent out by the organization. However, it was worth noting that the service included an additional step of one time password (OTP) to be generated by the bank separately for making payments. Other IMPS merchants include OxiCash, mobile operators such as Tata Docomo, MTNL, Aircel, Loop Mobile, Idea Cellular, and BSNL,…
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