Immediate Payment Service (IMPS)
GPTKB entity
Statements (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:Financial_Services_Company
|
| gptkbp:allows |
real-time interbank electronic fund transfer
|
| gptkbp:associated_with |
gptkb:financial_technology_(FinTech)
e-commerce platforms mobile wallets |
| gptkbp:benefits |
bill payments
business transactions online shopping remittances |
| gptkbp:competesWith |
gptkb:National_Electronic_Funds_Transfer_(NEFT)
Real Time Gross Settlement (RTGS) |
| gptkbp:developedBy |
gptkb:National_Payments_Corporation_of_India_(NPCI)
|
| gptkbp:enhances |
financial inclusion
|
| gptkbp:facilitates |
peer-to-peer transactions
merchant payments |
| gptkbp:famousFor |
tech-savvy users
rural users |
| gptkbp:has |
transaction limits
|
| https://www.w3.org/2000/01/rdf-schema#label |
Immediate Payment Service (IMPS)
|
| gptkbp:is_a |
real-time payment system
user-friendly service low-cost payment option widely adopted service key_component_of_digital_payments_in_India |
| gptkbp:is_available_in |
banking apps
USSD services internet banking platforms SMS_services |
| gptkbp:is_governed_by |
Reserve_Bank_of_India_(RBI)
|
| gptkbp:is_integrated_with |
gptkb:Unified_Payments_Interface_(UPI)
|
| gptkbp:is_monitored_by |
NPCI
|
| gptkbp:is_part_of |
gptkb:Digital_India_initiative
|
| gptkbp:is_recognized_for |
gptkb:government_of_India
financial regulators |
| gptkbp:is_supported_by |
financial institutions
multiple banks |
| gptkbp:is_used_in |
businesses
individuals |
| gptkbp:knownFor |
instantaneous transactions
|
| gptkbp:launched |
November 22, 2010
|
| gptkbp:operatesIn |
gptkb:India
|
| gptkbp:provides |
24/7 availability
|
| gptkbp:reduces |
transaction time
|
| gptkbp:security |
due to encryption
|
| gptkbp:supports |
mobile banking
internet banking |
| gptkbp:updates |
transaction efficiency
|
| gptkbp:uses |
Mobile Number as identifier
|