The Immediate Payment Service (IMPS) saw a substantial increase of 13.9% in the total transactions taking place between September and October 2018, according to data published by the National Payments Corporation of India, which owns and operates IMPS. The NPCI is the bank-owned private organization that also runs the Unified Payments Interface (UPI). IMPS transaction volumes grew on a monthly basis to 154.6 million (154,620,000 transactions) from 135.74 million transactions (135,740,000 transactions), while the amount transacted increased on a month-on-month basis to Rs 140,306.5 crore – the highest in this month. The average transaction amount declined marginally on a monthly basis to Rs 9,074 per transaction. Month-wise details: Bank Status 53 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...