IMPS Archive

Indian Payment Systems – An overview

Indian payment systems, digital channels, RuPay,RuPay Secure, Card systems, Immediate Payment System, IMPS, Unified Payment Interface, UPI, National Automated Clearing House, NACH, Aadhaar Enabled Payment System, AEPS, Cheque Truncation System, CTS, National Financial Switch, NFS, RTGS, NEFT, Bharat Bill Payment System, BBPS
Indian payment systems and settlements have traditionally been revolving around physical cash. Subsequent to nationalisation of banks, paper based instruments like cheque, draft and other negotiable instruments started receiving acceptance among public. There has been a rapid
27 Apr 20 Author CategoryDigital Banking Products, Quick Reference No Comment Read More

Immediate Payment Service (IMPS)

IMPS, Immediate Payment Service, push payment, pull payment, NPCI, real time, payments and settlements, 24X7X365, SMS, USSD, WAP, NEFT, RTGS, online banking, mobile banking, digital channel, digital banking, MMID, MPIN, P2A, P2P, ABRS,
Immediate Payment Service (IMPS) is a robust and real time payment service that has transformed the payments and settlements systems in India. The facility was launched by the National Payments Corporation of India (NPCI) on 22nd November,
23 Apr 20 Author CategoryBanking Awareness, Digital Banking Products, Everything About No Comment Read More

National Payments Corporation of India (NPCI)

NPCI, National Payments Corporation of India, Lucky Grahak Yojana, Digi Dhan Vyapar Yojana, Digital India, digital payments, cashless, less cash, economy, India, system, UPI, IMPS, USSD, *99#, BBPS, AEPS, ATM net work, Rupay, disruptive innovation
National Payments Corporation of India (NPCI) is an organisation promoted by ten banks with the objective of stimulating and integrating digital payment system in India.  The Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) extend
1 Jan 17 Author CategoryDigital Banking Awareness, Regulators & Institutions No Comment Read More