RCAM is set to provide the Interbank Mobile Payment Service (IMPS) platform to investors for making investments in mutual funds. Investors are required to register themselves with their respective banks for mobile banking services, get mobile money identifier and mobile PIN from the banks, download software for mobile banking and link their mobile numbers to their bank accounts.
IMPS is a payments platform that allows customers to use mobile technology as a channel for accessing their bank accounts and initiating inter-bank fund transactions.
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