One of the most important IMPS features is that it offers real-time transfers of funds that occur on an electronic platform.
NEFT allows people to transfer funds electronically from one bank account to another and is relevant to those who wish to transfer large sums of money.
The BHIM app allows you to send and receive money using different modes without any transaction fees.
The BHIM App offers an easy-to-use platform for vendors and consumers across India to facilitate UPI payments.
While the growth of the BHIM app has slowed, it has contributed to generating awareness about the UPI ecosystem.