Immediate Payment Service News
Users can transfer funds using just a mobile number and the recipient's bank account name.
The NPCI issued a circular on October 31, 2023.
It allows for 24x7 instant domestic funds transfer through various channels.
Digital transactions increased by about 23 times in March to nearly 64 lakh, with total value of Rs 2,425 crore, from last November when demonetisation took effect.
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