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mPesa to use IMPS platform

Mobile Commerce Solutions, a pre-paid/remittance provider with m-Pesa platform, has started Pan India inter-bank money transfer service by joining hands with the Immediate Payment Service (IMPS) of NPCI. With this tie-up, a MCSL (m-Pesa) user can send money to customers of any IMPS-enabled bank using NPCI’s remittance platform. Currently, there are 60 banks and five pre-paid service providers as members of IMPS and many more are in the testing stage. Immediate Payment Service (IMPS) is an unique remittance processing platform offered by National Payment Corporation of India (NPCI). This service offers instant, 24X7, electronic

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