credit-cards-advisor/imps-to-be-implemented-by-12-more-banks-by-fiscal-end

Credit Card Offers Made Easy

Your Step by Step Credit Card Guide

IMPS to be implemented by 12 more banks by fiscal end

Written by Oliver Laker on March 19, 2011.

Fund transfer facility using mobile phones called Interbank Mobile Payment Service (IMPS) is now going to be implemented by twelve more banks in India by the end of this financial year. So far the process has been brought into implementation by 13 banks.

“The switching service of mobile payment transactions across banks is currently provided by the National Payment Corporation of India (NPCI) and Settlement of funds is by the Clearing Corporation of India Limited (CCIL). IMPS is offered by 13 Banks and 12 more are expected to offer the same by the end of March 2011,” reported the Mobile Payment Forum of India (MPFI).

MPFI is the outcome of a joint initiative by RTBI (Rural Technology and Business Incubator) of IIT-Madras and IDRBT (Institute for Development and Research in Banking Technology).

The service now comes free of cost but is soon to be charged by 10paise per transaction.

 

Similar Posts:

Share

Post Comment

  • Home
  • Contacts
  • SiteMap
  • Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Subscribe via RSS

    IMPS to be implemented by 12 more banks by fiscal end

    Written by Oliver Laker on March 19, 2011.

    Fund transfer facility using mobile phones called Interbank Mobile Payment Service (IMPS) is now going to be implemented by twelve more banks in India by the end of this financial year. So far the process has been brought into implementation by 13 banks.

    “The switching service of mobile payment transactions across banks is currently provided by the National Payment Corporation of India (NPCI) and Settlement of funds is by the Clearing Corporation of India Limited (CCIL). IMPS is offered by 13 Banks and 12 more are expected to offer the same by the end of March 2011,” reported the Mobile Payment Forum of India (MPFI).

    MPFI is the outcome of a joint initiative by RTBI (Rural Technology and Business Incubator) of IIT-Madras and IDRBT (Institute for Development and Research in Banking Technology).

    The service now comes free of cost but is soon to be charged by 10paise per transaction.

     

    Similar Posts:

    Share

    Post Comment

    IMPS to be implemented by 12 more banks by fiscal end

    Written by Oliver Laker on March 19, 2011.

    Fund transfer facility using mobile phones called Interbank Mobile Payment Service (IMPS) is now going to be implemented by twelve more banks in India by the end of this financial year. So far the process has been brought into implementation by 13 banks.

    “The switching service of mobile payment transactions across banks is currently provided by the National Payment Corporation of India (NPCI) and Settlement of funds is by the Clearing Corporation of India Limited (CCIL). IMPS is offered by 13 Banks and 12 more are expected to offer the same by the end of March 2011,” reported the Mobile Payment Forum of India (MPFI).

    MPFI is the outcome of a joint initiative by RTBI (Rural Technology and Business Incubator) of IIT-Madras and IDRBT (Institute for Development and Research in Banking Technology).

    The service now comes free of cost but is soon to be charged by 10paise per transaction.

     

    Similar Posts:

    Share

    Post Comment

    IMPS to be implemented by 12 more banks by fiscal end

    Written by Oliver Laker on March 19, 2011.

    Fund transfer facility using mobile phones called Interbank Mobile Payment Service (IMPS) is now going to be implemented by twelve more banks in India by the end of this financial year. So far the process has been brought into implementation by 13 banks.

    “The switching service of mobile payment transactions across banks is currently provided by the National Payment Corporation of India (NPCI) and Settlement of funds is by the Clearing Corporation of India Limited (CCIL). IMPS is offered by 13 Banks and 12 more are expected to offer the same by the end of March 2011,” reported the Mobile Payment Forum of India (MPFI).

    MPFI is the outcome of a joint initiative by RTBI (Rural Technology and Business Incubator) of IIT-Madras and IDRBT (Institute for Development and Research in Banking Technology).

    The service now comes free of cost but is soon to be charged by 10paise per transaction.

     

    Similar Posts:

    Share

    Post Comment

    IMPS to be implemented by 12 more banks by fiscal end

    Written by Oliver Laker on March 19, 2011.

    IMPS to be implemented by 12 more banks by fiscal end

    Written by Oliver Laker on March 19, 2011.

    Fund transfer facility using mobile phones called Interbank Mobile Payment Service (IMPS) is now going to be implemented by twelve more banks in India by the end of this financial year. So far the process has been brought into implementation by 13 banks.

    “The switching service of mobile payment transactions across banks is currently provided by the National Payment Corporation of India (NPCI) and Settlement of funds is by the Clearing Corporation of India Limited (CCIL). IMPS is offered by 13 Banks and 12 more are expected to offer the same by the end of March 2011,” reported the Mobile Payment Forum of India (MPFI).

    MPFI is the outcome of a joint initiative by RTBI (Rural Technology and Business Incubator) of IIT-Madras and IDRBT (Institute for Development and Research in Banking Technology).

    The service now comes free of cost but is soon to be charged by 10paise per transaction.

     

    Similar Posts:

    Share

    Fund transfer facility using mobile phones called Interbank Mobile Payment Service (IMPS) is now going to be implemented by twelve more banks in India by the end of this financial year. So far the process has been brought into implementation by 13 banks.

    “The switching service of mobile payment transactions across banks is currently provided by the National Payment Corporation of India (NPCI) and Settlement of funds is by the Clearing Corporation of India Limited (CCIL). IMPS is offered by 13 Banks and 12 more are expected to offer the same by the end of March 2011,” reported the Mobile Payment Forum of India (MPFI).

    MPFI is the outcome of a joint initiative by RTBI (Rural Technology and Business Incubator) of IIT-Madras and IDRBT (Institute for Development and Research in Banking Technology).

    The service now comes free of cost but is soon to be charged by 10paise per transaction.

     

    Similar Posts:

  • Mobile wallet comes from Corporation Bank
  • ‘Rupay’ to get its launch in 18 months
  • Barclays Bank to take decision on its credit card biz
  • ‘Brown label’ ATM concept gaining pace in India
  • IDBI’s mobile banking facility launched in Nagpur
  • Share
    Share
    Share

    Tagged as: Banks Fiscal, End

    Post Comment

    Post Comment

    Post Comment

    Similar Posts

  • Mobile wallet comes from Corporation Bank
  • ‘Rupay’ to get its launch in 18 months
  • Barclays Bank to take decision on its credit card biz
  • ‘Brown label’ ATM concept gaining pace in India
  • IDBI’s mobile banking facility launched in Nagpur
  • Best credit card providers named as AMEX and M&S
  • Corp Bank puts photos of defaulters on hoardings
  • Archives

  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • Popular Posts

  • What is the Discover card’s grace period?
  • Are Credit Cards For Minors a Bad Idea?
  • Best credit card providers named as AMEX and M&S
  • Citi Secured Credit Card Review
  • Catholic Syrian Bank launches support line
  • Why You Shouldn’t Co-Sign
  • Life After Debt
  • Reward Points: Friend or Foe?
  • Categories

  • Credit Card News
  • Credit Card Tips
  • Credit Cards Advisor
  • Uncategorized
  • Tag cloud

    © All Rights Reserved. Credit Card Offers Made Easy

    Leave a Reply

    Your email address will not be published. Required fields are marked *