DakPay – India Post Payments Bank dispatches Digital Payment application: All you need to know

The Department of Post (India Post) and the India Post Payments Bank (IPPB) on Tuesday dispatched another advanced installment application ‘DakPay’ for its clients to work their financial administrations on the web. The application was disclosed as a feature of its continuous endeavors to give Digital Financial incorporation at the last mile across India by Union Communications and IT Minister Ravi Shankar Prasad.

‘DakPay’ will give computerized monetary and helped banking administrations given by India Post and IPPB through the postal organization the nation over. It will encourage administrations, for example, sending cash, checking QR codes, and making installments for administrations and shippers carefully.

The application will likewise give interoperable financial administrations to the clients with any bank in the country.

Dispatch of DakPay adds up to the convention of India Post, which is connected to reaching every family. This inventive help won’t just offer admittance to banking administrations and postal items on the web yet, besides, is one of a kind idea where one can request and profit postal monetary administrations at doorsteps, Ravi Shankar Prasad said while dispatching the application.

Postal Secretary and IPPB board Chairman Pradipta Kumar Bisoi said DakPay brings disentangled installment answers for all by offering all clients admittance to the banking and installments items and administrations either through an application or in helped mode with the assistance of the confided in Postman.

Dak Pay is an Indian arrangement intended to address the monetary requirements of each Indian, Bisoi said.

About India Post Payments Bank

With 100% worth controlled by the Government of India, the India Post Payments Bank (IPPB) has been set up under the Department of Posts, Ministry of Communication. IPPB was dispatched by Prime Minister Shri Narendra Modi on September 1, 2018.

The bank has been set up with the vision to construct the most available, reasonable, and confided in the bank for the average person in India. The central order of India Post Payments Bank is to eliminate boundaries for the unbanked and underbanked and arrive at the last mile utilizing the Postal organization involving 155,000 Post Offices (135,000 in country regions) and 300,000 Postal workers.


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