IMMEDIATE PAYMENT SERVICE (IMPS)

Instant, Easy & Hassle-free fund transfers through multiple channels

Immediate Payment Service (IMPS)

FinMOBICONNECT has an interface to IMPS which is an instant, 24X7, multi-channel, interbank electronic fund transfer service offered by National Payments Corporation of India (NPCI). It facilitate customers to use mobile instruments as a channel for accessing their bank accounts and put high interbank fund transfers in a secured manner with immediate confirmation features. IMPS currently offers Financial transactions like P2P, P2A, P2U, P2M and M2P; Non-Financial Services like Balance Enquiry, MPIN Generation, etc. and Value Added Services like Query on Aadhaar Mapper.

IMPS which is an instant, 24X7, multi-channel, interbank electronic fund transfer service offered by National Payments Corporation of India (NPCI). It facilitate customers to use mobile instruments as a channel for accessing their bank accounts and put high interbank fund transfers in a secured manner with immediate confirmation features. Finacus helps banks to implement IMPS via FinMobiConnect.

Services provided :

    Financial Services
    (IMPS Transactions)

  • P2P (Person to Person) Using MMID and Mobile number of beneficiary
  • P2A (Person to Account) Using IFSC Code and Account number of beneficiary
  • P2M (Person to Merchant) (PUSH) Merchant MMID and Mobile number is essential
  • M2P (Person to Merchant) (PULL) Merchant MMID and Mobile number is essential
  • P2U (Person to UID) Using Aadhaar number of beneficiary

    Non-Financial
    Services

  • Balance Enquiry
  • Mini Statement – Last 5 transactions
  • Know MMID
  • Generate MPIN
  • Change MPIN
  • Generate OTP

    Value Added
    Services

    It is a service on NUUP (USSD based platform - *99#) which enables a customer to know:

  • Whether his/her AADHAAR number is seeded/linked to any bank account number or not?
  • If yes, then with which bank and when was it last updated?