New Delhi, 28-05-2022:
A two-day meet of senior functionaries of Department of Posts (DoP) and India Post Payments Bank(IPPB) concluded on a high note of creating force multipliers to create deeper impact to provide banking facility and providing new innovative products for every household in the country leveraging the distribution strength of Department of Posts combined with technology prowess & banking platform from India Post Payments Bank.
On day one of the meet, various new projects which are already rolled out and few others initiatives were introduced. Fincluvation which is a platform of start-ups to partner with IPPB-DOP to start providing Fintech solutions at the last mile was one of the highlights, whereas few new initiatives like Digitization of Branch Post Offices (BO) enabling Digital QR based payments through various UPI services is one step closer to transform Post Offices into Digital Banking Outlets.
Working on the vision of ‘One Nation One service Platform’ Shri J. Venkatramu , MD & CEO, IPPB shared his idea of serving the current 50 million and the next billion customers on basis of their life cycle need with the Products and services offerings from both DoP & IPPB.
On day 2, the much awaited digital premium payment facility for Postal Life Insurance & Rural Postal Life Insurance through IPPB Mobile Banking App, at doorstep with the help of Gramin Dak Sevaks/ Postman and at Post Office Counters was launched by Shri Vineet Pandey, Secretary , Department of Posts. IPPB will be offering new products like loan referrals & Cash Management Services soon. It will also work towards unlocking of potential IPPB-POSA linkage for seamless customer service.
AAROHAN 4.0 was concluded with a resolve to step into the market with a larger vision to become Universal Banking Platform with mandate of Financial Inclusion to serve every household in the country.