IMPS clocks over 127 million transactions
Immediate Payment Service (IMPS), the platform which works 24 X 7 has achieved over 127 million transactions in the month of July. The total value of transactions stood at Rs. 1,17,166 crore with the average ticket size at Rs. 9,198. IMPS volume during July, June and May were 127 million, 120 million and 116 million while the value stood at Rs. 1,17,166 crore, Rs. 1,13,011 and Rs. 1,08,574 crore respectively. IMPS provides robust and real time fund transfer service which offers an instant, 24X7, interbank electronic fund transfer service that could be accessed on multiple channels like Mobile, Internet, ATM, SMS and Branch. As on July 2018, total number of banks live on IMPS platform were 394.
BHIM UPI clocks over 235 million transactions
Bharat Interface for Money - Unified Payments Interface (BHIM UPI) achieved over 235 million transactions in the month of July. The total value of transactions stood at Rs. 45,845 crore. UPI volume (UPI, BHIM and USSD 2.0 -*99#) during July, June and May were 235 million, 246 million and 189 million while the value stood at Rs. 45,845 crore, Rs. 40,834 crore and Rs. 33,288 crore respectively. BHIM is a mobile phone based app that allows simple, easy and quick payment transactions using UPI. One can easily make direct bank to bank payments instantly and collect money using mobile number or payment address. It is a unique payment solution which empowers an individual with immediate send and collect request.
BookMyShow integrates UPI across all its platforms
BookMyShow has integrated Unified Payments Interface across all its platforms including UPI intent flow that will now enable all Android customers to have a seamless experience for making payments. With this, BookMyShow users will be able to effortlessly transact and buy tickets for movies, plays, sports, events and concerts. This UPI integration is powered by RazorPay with HDFC bank as partner bank.