IMPS

Type: Immediate Payment Service

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About IMPS

Founded	2010
Headquarters	Mumbai, Maharashtra, India
Market share	IMPS is one of the leading real-time payment systems in India, alongside UPI.
Major competitors	Unified Payments Interface (UPI) National Electronic Funds Transfer (NEFT) Real Time Gross Settlement (RTGS)
Notable partnerships	Collaboration with major Indian banks like State Bank of India and HDFC Bank. Partnerships with fintech companies for enhanced service offerings. Integration with government initiatives for direct benefit transfers.
Recent developments	Expansion of services to include international remittances. Integration with more banking and fintech platforms. Enhancements in security protocols and user experience.
Regulations	IMPS operates under the guidelines set by the Reserve Bank of India (RBI) and NPCI.
Official website	https://www.npci.org.in/what-we-do/imps