Transferring money online? Here’s everything you need to know about IMPS, NEFT, RTGS and more
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Global Digital Payment Systems 1. UPI (Unified Payments Interface) – India 2. IMPS (Immediate Payment Service) – India 3. NEFT & RTGS – India 4. ACH (Automated Clearing House) – USA 5. SWIFT (Society for Worldwide Interbank Financial Telecommunication) – Global 6. SEPA (Single Euro Payments Area) – Europe 7. FPS, BACS, and CHAPS – UK • FPS (Faster Payments Service): Enables near-instant payments between UK banks. • BACS (Bankers' Automated Clearing System): Used for direct debits and credit tran
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