The Immediate Payment Service (IMPS) transactions in India have reached an impressive figure of 405 million, amounting to Rs 5.63 crore in value. This data showcases the increasing popularity and adoption of digital payment methods in the country. With the convenience and speed that IMPS offers, more and more individuals and businesses are opting for this mode of transaction.

Considering the current economic landscape and the emphasis on digitalization, the rise in IMPS transactions signifies a significant shift towards a cashless economy in India. The ease of conducting seamless and real-time transactions through IMPS has made it a preferred choice for many. As more people become familiar with the benefits of digital payments, this trend is expected to continue its upward trajectory in the coming months.

In summary, the latest data reveals that IMPS transactions have surged to 405 million in India, amounting to Rs 5.63 crore in value. This surge highlights the growing acceptance and utilization of digital payment methods, indicating a shift towards a cashless economy. With the convenience and speed that IMPS offers, it has become a popular choice for many individuals and businesses, reflecting a broader trend towards digitalization in the country.