The Interbank Mobile Payment Services (IMPS) operated by the National Payments Corporation of India (NPCI) with the approval of the Reserve Bank has enhanced the efficiency of mobile banking by enabling real time transfer of funds between bank accounts and providing a centralised inter-operable interbank settlement service for mobile banking transactions with confirmation features. Current status of mobile banking in India 8.
Presently, 65 banks have been approved for conduct of mobile banking out of which 47 banks have commenced offering these services. Transactions in mobile banking have  2  BIS central bankers’ speeches  been showing an uptrend. During February 2012, more than 2.8 million transactions for close to Rs.