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Home >> Abbreviations >> IMPS

IMPS

Posted on : May 24,2011

Interbank Mobile Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use mobile instruments as a channel for accessing their banks accounts and remitting funds there from.The customer needs to have a bank account with the bank which has enabled this facility.The customer has to register his/her mobile number with the bank and get his/her MMID for availing IMPS.


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