Immediate Payment Service

Funds transfer - infrastructure - India - retail - National Payments Corporation of India.

(IMPS).

India's Immediate Payment Service is a real time retail payment service.

It is owned and operated by the National Payments Corporation of India (NPCI) and was launched in 2010.

Focus on India

"There are three payment rails in India – RTGS for high-value payments, NEFT for low value, and IMPS for small-value immediate payments."

The payments landscape - Barclays Bank.

See also

• Infrastructure
• India
• Instant payments
• National Electronic Funds Transfer (NEFT)
• National Payments Corporation of India (NPCI)
• Payment rail
• Platform
• Real-time gross settlement system (RTGS)
• Retail
• Payments and payment systems
• RuPay
• United Payments Interface (UPI)

Other resources

• About the Immediate Payments Service (IMPS) - National Payments Corporation of India (NPCI)
• The payments landscape - Barclays Bank