With the inclusion of Vijaya Bank, all major Indian banks are now a part of the Interbank Mobile Payments Service (IMPS).

In an announcement from National Payments Corporation of India (NPCI), an umbrella organization of retail payment systems in India created to develop the backbone for electronics transactions such as ATMs and mobile payments, customers of IMPS-enabled banks can now send and receive funds using mobile devices in real time, 24 hours a day, seven days a week.

Shri A P Hota, managing director and CEO of NPCI said, "IMPS-enabled banks are in a position to offer to their customers a remittance service which is unique in the world."

Hota said the IMPS is completely interoperable between banks, telecom companies and handset manufacturers, with NPCI providing the platform for interbank transaction settlements.

"NPCI is indeed pleased that the banking community in India has supported the IMPS wholeheartedly, and that is evident from the fact that in a short span of less than a year of going live with pilot, 25 banks have joined in offering the IMPS service to its customers," said NPCI COO Shri M. Balakrishnan in the announcement.

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