The Immediate Payment Service (IMPS) saw a 1.2% decrease in the total transactions taking place between May and June 2017. There was a slight increase in total number of Mobile Money IDs (MMID), according to data published by the National Payments Corporation of India, which owns and operates IMPS. The NPCI is the bank-owned organization that also runs the Unified Payments Interface (UPI).
The IMPS transaction volumes declined on a monthly basis to 70.21 million ( 70,209,471 transactions) from 71.04 million transactions (71,036,744 transactions) while the amount transacted decreased 42% on a monthly basis to Rs 64,384 crore. The average transaction amount declined by 41.76% on a monthly basis to Rs 9,170 .
53 commercial banks have signed up for IMPS.