Payments News
SBT launches IMP service State Bank of Travancore (SBT) has launched an Inter-Bank Mobile Payment Service (IMPS) for transferring money among bank accounts using mobile phones and the mobile banking facility. This facility enables a customer having a mobile banking facility to transfer funds to the account of any other beneficiary, either with the same bank or with another bank, using a mobile phone, on a 24x7 basis.
The beneficiary
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