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2. BHIM - Wikipedia

   en.wikipedia.org/wiki/BHIM

   BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.

3. Unified Payments Interface - Wikipedia

   en.wikipedia.org/wiki/Unified_Payments_Interface

   Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.

4. Immediate Payment Service - Wikipedia

   en.wikipedia.org/wiki/Immediate_Payment_Service

   Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...

5. How To Make Instant Money Transfers With Routing and ... - AOL

   www.aol.com/finance/instant-money-transfers...

   Electronic money transfers are the fastest and most convenient way to move funds, whether you're splitting a restaurant bill with friends or sending a birthday gift to a relative. However, with all...

6. Payment and settlement systems in India - Wikipedia

   en.wikipedia.org/wiki/Payment_and_settlement...

   The Reserve Bank of India (India's Central Bank) maintains this payment network. Real-time gross settlement is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fastest possible money transfer system through the banking channel.

7. Instant payment - Wikipedia

   en.wikipedia.org/wiki/Instant_payment

   Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.