In the ever-evolving landscape of digital banking, Immediate Payment Service (IMPS) has emerged as a cornerstone in the Indian financial ecosystem. This article delves into the meaning of IMPS, its features, advantages, and how to effectively utilise this innovative payment service. ...
Having explained IMPS meaning, let us find out how to initiate a transaction using your mobile phone. If you want to use the IMPS facility to transfer funds to another bank account through the mobile banking route, you need two things: The 10-digit mobile phone number that your beneficiaries...
To make a successful transaction, a few requirements need to be met. To begin with, the mobile number needs to be registered with the bank and the user needs to access essential mobile banking services. After registration, the MMID and the MPIN number are provided by a bank. TheMobile Mo...
As the title suggests, todays’ article is all about getting a brief understanding of three majoronline payment transaction methods. Technology has no doubt brought a revolution in the entire banking sector and the innovative digital banking is the boon of technology to us and this segment is on...
NEFT falls under the category of electronic banking, whereas IMPS is covered under mobile banking. Conclusion A few decades ago, transfer of funds to any other person was so difficult, as it takes a lot of time and people have to wait in queue for hours just to transfer some penny. But...
Having explained IMPS meaning, let us find out how to initiate a transaction using your mobile phone. If you want to use the IMPS facility to transfer funds to another bank account through the mobile banking route, you need two things: ...