wordpress blog stats
Connect with us

Hi, what are you looking for?

Rs 31,916 Cr transacted in September 2016 using IMPS


The Immediate Payment Service (IMPS) saw a 3.23% growth in the total transactions taking place between August and September 2016, although there was a 0.22% 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 39.84 million (39,841,934 transactions) from 38.59 million transactions (38,593,716 transactions) while the amount transacted increased 7.62% on a monthly basis to Rs 31,916.7 crore. The average transaction amount increased by 4.25% on a monthly basis to Rs 8,010.8.

Month-wise details:



Bank Status

Currently, 53 commercial banks are signed up for IMPS.

Advertisement. Scroll to continue reading.

You May Also Like


Last week, the Reserve Bank of India (RBI) liberalised a few restrictions imposed on pre-paid instruments (PPI) and payment bank players, signalling that the...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ