Reading Time: 7 minutes IMPS has not only changed consumer behaviour and expectations but has also paved the way for newer forms of instant payment systems to operate in India.
Reading Time: 3 minutes One of the features of RTGS that make it particularly relevant for modern consumers is that the transactions can be initiated through net-banking.
Reading Time: 3 minutes Both RTGS and NEFT have their strengths. Let’s understand these strengths and decide which mode to use and most importantly, when.
Reading Time: 3 minutes Consumers can use IMPS without needing a smartphone, which adds to its financial inclusivity, making it a great payment option for the masses.
Reading Time: 3 minutes One of the most important IMPS features is that it offers real-time transfers of funds that occur on an electronic platform.
Reading Time: 4 minutes Immediate Payments System (IMPS) is now one of the most widely-used forms of electronic payments across India.