What is the term for transferring money using a mobile device?

Computer Mcqs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
Computer Mcqscomputer-mcqs
Published
5 Jul 2021
Last updated
28 May 2026

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Explanation

There are multiple ways to transfer funds via mobile or online banking, including NEFT, RTGS, and IMPS. Among these, IMPS (Immediate Payment Service) enables instant money transfers at any time, even on holidays.

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