(Current Affairs For SSC Exams) Economic Issues,Dec. 2012 -IRCTC introduced Interbank Mobile Payment System

Economic Issues

December 2012

Topic : IRCTC introduced Interbank Mobile Payment System

The Indian Railway Catering and Tourism Corporation Limited introduced the Interbank Mobile Payment System (IMPS) for making the payment of the bookings via mobile phones. On use of IMPS system, the user will be charged with Rs 5 for transactions of up to Rs 5000 and Rs 10 for transactions more than that.

The facility of booking via IMPS will be available to those with their phone number registered in the respective bank accounts as the M-Pin and the MMID (Mobile money identifier) will be required for furnishing the details required. This facility will ensure smooth and functioning of the booking criteria via SMSs.

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