Regulatory data reveals that Immediate Payment System (IMPS), an inter-bank fund transfer mechanism, recorded 368 million transactions in November, compared to 407 million a year ago and 472 million in November 2023. It has seen a decline to 400-450 million transactions per month on average this year, down from nearly 500 million monthly transactions in 2023.
from Tech-Economic Times https://ift.tt/LU7HYX3
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