The Immediate Payment Service (IMPS) saw a slight decrease of 0.3% in the total transactions taking place between January and February 2018, 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 99.25 million (99,250,000 transactions) from 99.59 million transactions (99,591,901 transactions), while the amount transacted increased marginally increased on a month-on-month basis to Rs 88,270 crore – since the highest in May 2017. The average transaction amount went up on a monthly basis to Rs 8,894 per transaction. Month-wise details: Bank Status 59 commercial banks have signed up for IMPS.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...