TNPSC Thervupettagam

Aadhaar Enabled Payment System Services: India Post Payments Bank

September 10 , 2019 1933 days 990 0
  • Union Government has announced the official rollout of Aadhaar Enabled Payment System Services by India Post Payments Bank (IPPB).
  • IPPB has become the single largest platform in the country for providing interoperable banking services to customers of any bank.
  • It is due to its extensive last mile connectivity of post offices.
About
  • India Post Payments Bank (IPPB) is a 100% government owned payments bank operating under the Department of Posts, Ministry of Communications.
  • It was founded on 1 September, 2018.

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