IMPS
Empowering Instant Mobile Payments in IndiaIMPS, short for Immediate Payment Service, is an innovative mobile payment system introduced by the National Payments Corporation of India (NPCI). IMPS enables users to make real-time interbank transfers and conduct a wide range of financial transactions using their mobile phones, fostering financial inclusion and enhancing the efficiency of payments in India.
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Country
India
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Population
1.39 billion (as of 2023)
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Mobile Penetration
High, reflecting India's mobile-first population
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IMPS
35%
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Debit/Credit Cards
40%
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Cash Transactions
25%
- Type:Real-Time Mobile Payment System
- AvailabilityNationwide across India, targeting urban and rural populations
- Accepted CurrenciesIndian Rupee (INR)
- Refunds:Subject to the policies of partnering banks and financial institutions
- Chargebacks:Limited due to real-time nature, assessed on a case-by-case basis
Pricing request
Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.