wordpress blog stats
Connect with us

Hi, what are you looking for?

IMPS transactions declined 2.7% to 185.04 million in April 2019

India’s Immediate Payment Service (IMPS) saw a decrease of 2.7% in the total transactions taking place between March 2019 and April 2019, 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 went down on a monthly basis to 185.04 million (185,040,000 transactions) from 190.18 million transactions (190,180,000 transactions), while the amount transacted decreased on a month-on-month basis by 4% to Rs 169,197 crore – the highest in the previous month. The average transaction amount has declined gradually on a monthly basis to Rs 9,144 per transaction.

Month-wise details:

Bank Status
56 commercial banks have signed up for IMPS.

Advertisement. Scroll to continue reading.

You May Also Like


Digital payment transactions through Prepaid Payment Instruments — which includes both Mobile Wallets and PPI Cards combined —stood 438.7 million transactions  at the end...

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