Currently, there are over 150,000 IFSC Codes operating in India, with more than 1,400 banks all over the country.
Immediate Payments System (IMPS) is now one of the most widely-used forms of electronic payments across India.
The BHIM App offers an easy-to-use platform for vendors and consumers across India to facilitate UPI payments.
NEFT enables easy fund transfers between two parties, as long as both parties have a NEFT-enabled bank account.
While the growth of the BHIM app has slowed, it has contributed to generating awareness about the UPI ecosystem.