The number of transactions done through the Immediate Payment Service as of December 2020 accounted for over 355.69 million. There was a tremendous growth in the transaction volume since September 2013. Set up in November 2010, IMPS is a 24-hour, seven day a week service for instant payment of inter-bank transfers via mobile phones owned by the NPCI.
Number of IMPS transactions across India from September 2013 to September 2020 (in millions)
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NPCI. (January 21, 2021). Number of IMPS transactions across India from September 2013 to September 2020 (in millions) [Graph]. In Statista. Retrieved May 28, 2024, from https://www.statista.com/statistics/1055421/india-number-of-imps-transactions/
NPCI. "Number of IMPS transactions across India from September 2013 to September 2020 (in millions)." Chart. January 21, 2021. Statista. Accessed May 28, 2024. https://www.statista.com/statistics/1055421/india-number-of-imps-transactions/
NPCI. (2021). Number of IMPS transactions across India from September 2013 to September 2020 (in millions). Statista. Statista Inc.. Accessed: May 28, 2024. https://www.statista.com/statistics/1055421/india-number-of-imps-transactions/
NPCI. "Number of Imps Transactions across India from September 2013 to September 2020 (in Millions)." Statista, Statista Inc., 21 Jan 2021, https://www.statista.com/statistics/1055421/india-number-of-imps-transactions/
NPCI, Number of IMPS transactions across India from September 2013 to September 2020 (in millions) Statista, https://www.statista.com/statistics/1055421/india-number-of-imps-transactions/ (last visited May 28, 2024)
Number of IMPS transactions across India from September 2013 to September 2020 (in millions) [Graph], NPCI, January 21, 2021. [Online]. Available: https://www.statista.com/statistics/1055421/india-number-of-imps-transactions/