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The Immediate Payment Service (IMPS) saw a 7.17% growth in the total transactions taking place between January and February 2016, although there was a 4.62% 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 26.2 million (26,228,928 transactions) from 24.4 million transactions (24,473,814 transactions) while the amount transacted increased by 4.11% on a monthly basis to Rs 18117.86 crore. The average transaction amount decreased by 2.86% on a monthly basis to Rs 6,907.59 crore.

Month-wise details:

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Bank Status

Currently, 53 commercial banks are signed up for IMPS.

Related

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