Articles
Our Domestic Money Transfer API Supports both the IMPS & NEFT transfer modes
by Pradeep Kumar Senior in Digital MarketingMoney Transfer API
Automate your payments to any bank account in India
Our Money Transfer API supports both the IMPS & NEFT transfer modes.
Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through our Money Transfer API. The IMPS platform is powered by National Payment Corporation of India (NPCI) who settles the IMPS transactions in India instantly. This method allows transferring fund to any bank at any time (24x7) within India.
National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer.
This NEFT mode settles transactions in India as batch wise and works only on working day and hours of RBI.
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About Pradeep Kumar 
Senior in Digital Marketing
173 connections, 5 recommendations, 636 honor points.Joined APSense since, October 11th, 2018, From Mumbai, India.
Created on Mar 7th 2019 01:30. Viewed 620 times.
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