PAYMENTS

ABHI
IMMEDIATE PAYMENT SERVICE Enhancing Efciency

There has been a growing need for instant payment mechanisms. ABHI facilitates registra on of customer with the bank before
MAXIMUS
PAYC24
Customers today have become aggressive as regards efficiency of he/she can carry out an IMPS transac on using a mobile phone.
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payment methods and therefore there is a demand for greater Registra on is not required for transac ons for other channels.
payment mobility and flexibility. The tradi onal RTGS and NEFT Customer can link more than one account to the same mobile
methods are just not enough. Customers expect mul ple number. However, there would be a different Mobile Money
channels for making payments and as a result, instantaneous Iden fier (MMID) for each account.
payment systems using ATM, kiosk, mobile and online channels
have evolved. This is the genesis of Immediate Payment System In the case of mobile-based IMPS, the combina on of mobile
(IMPS) introduced by NPCI. number and MMID would form a unique link to the account and
would help iden fy the beneficiary details. Using the MMID, the
IMPS is offered by MAXIMUS in accordance with the requirements customer can request for his mobile PIN (MPIN) from the bank.
s pulated by NPCI. The IMPS offering is called MAXIMUS ABHI. Also, MMID together with MPIN are used by the customer to carry
This solu on works on mul ple channels – mobile phone, ATM, out the permi ed banking transac ons.
kiosk and online.
For IMPS through ATM, kiosk or online, the normal transac on
The request received from mobile phones, SMS or Internet flow is followed. For fund transfer to a beneficiary's account,
banking are routed by ABHI to the service provider's web service the mobile number and MMID of the beneficiary would also
which, in turn, communicates the request to the bank's switch. have to be entered by the remi er.
The request coming from ATM and kiosk are routed to the switch
directly. Fund transfer request gets debited to the remi er's ABHI supports balance enquiry, mini statement, fund transfer,
ABHI account immediately and the credit effect is handled through MPIN change (for mobile), bank requests and feedback input.
NPCI. Upon successful comple on of a transac on, the remi er
TURANTH
receives a confirma on on the Terminal used.
MULTI

committed to building a frictionless transaction ecosystem

 SCHEMATIC OF ABHI

MAXIMUS INFOWARE (INDIA) PVT. LTD.

MAXIMUS
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4th Floor, Balaji Infotech Park, Road No.16A,
Wagle Industrial Estate, Thane West – 400604
Maharashtra, India
Enhancing Efciency connect@maximusinfoware.in | www.maximusinfoware.in