Immediate Payment Service
From ACT Wiki
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)