Interbank mobile payment service (IMPS) is a merchant payment system evolved by NPCI which permits customers to use their mobile tool to make immediate 24 x 7 interbank payments to merchants or companies via their cellular phones.
- Instant: As soon as transfer is initiated, funds are transmitted instantly
- Anytime: IMPS is available 24×7 including weekends and holidays
- Anywhere: IMPS transfers can be executed via mobile phone irrespective of geographical location
- Simple:Transferring funds becomes a simple process. Only the identifier and mobile number of beneficiary is required.
- Secure: Only registered customers can participate
- Available on Cloud
- Seamlessly integrated with Core Banking Solution & other channels
- Ready to deploy
- Regular functional upgrades
- Compliant with regulations
- Secure application
Source : http://cedge.in