Inter-Bank Mobile Payment Service (IMPS):

  1. is operated by National Payments Corporation of India (NPCI) 
  2. facilitates customers to use mobile channels for inter bank funds transfer

  Which of the above statements is/are correct?

Answer: [C] Both 1 & 2

Inter–Bank Mobile Payment Service is operated by National Payments Corporation of India. It provides an instant 24* 7 interbank electronic fund transfer service through use of mobile channels.

This question is a part of GKToday's Integrated IAS General Studies Module