Instant Mobile Payment Service (IMPS) (Part I)

Image by Feuillu via Flickr

It would be the start of new chapter in the history on Indian Financial System. Now, next time when you have pay or transfer the money to anyone then you do not have to go to bank, fill the slip or wait in 'Q' etc. Now, we have Instant Mobile Payment Service (IMPS). With the help of IMPS you can pay or transfer the money to anytime and anywhere. You just need a phone with active phone number.
If you are thinking about high end phone. Then do not worry on it.....any type of phone (low or high end) is perfect for IMPS.

So, why to wait and fight for 'change' to pay auto owner, vegetable vendor or other. Just pay with the help of phone.


Following bank has started IMPS services:

1. State Bank of India 
2. Bank of India
3. Union Bank of India 
4. ICICI Bank
5. HDFC Bank
6. Axis Bank 
7. YES Bank 

Some other banks would also planning to start this service very soon.


Some of the Key advantage of IMPS is are as follows:

• Simple and easy to use
• 100% secure
• customer Friendly
• Fast and cost effective
• Affordable to all
• Full automated

Keep reading....
Check out the same place to know some more interesting things about IMPS.
Bye and take care