Our IMPS is the best payment service of the World. It has beaten the payment services of all over the world including the services from the US and China. The USA based Research Firm FIS (Fidelity National Information Service) has given the best rating to the IMPS. The FIS has studied the 40 active real-time payment services around the world.
5 Star Rating
The IMPS was adjudged the best fin-tech innovation. Hence it got the 5-star rating. No other payment services have got this rating. Moreover, the IMPS has got this recognition for the second year in a row. The Singapore Based Fast And Secure Transfers Service (FAST) has got the 4-star rating and stood in the second position.
The FIS has rated the payment services on the scale of 1-5. It has measured the features of payment services and consumer satisfaction. It has also taken the view of the corporate customers.
- System’s Standard
- Published API
- Strong Participation from Third Party Vendors
IMPS is the fastest growing immediate payment system in the world. Today, 2.8 million IMPS transactions happen daily. In 2017, The IMPS transactions were 2 million/day.
The IMPS transfers money immediately from one bank account to another bank account. It is available 24×7 and all 365 days. The charge of IMPS transaction is also negligible. The system uses bank account linked mobile numbers for the transactions. However, there is an upper limit for the IMPS transaction.