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    16th Dec, 2020


  • India Post Payments Bank launches its digital payments’ services ‘DakPay’.

What is DakPay?

  • It is a new digital payment app, which offers double strength of service in the form of online payments and home delivery of financial services.
  • Department of Posts (DoP) and India Post Payments Bank (IPPB)

What is the aim of the service?

  • It aims to Transform Banking Experience at the last mile.
  • The App is launched as part of its ongoing efforts to provide Digital Financial inclusion at the last mile across India.
  • It will help insending money (Domestic Money Transfers – DMT), Scan QR code and make payment for services/merchants digitally (Virtual debit card & with UPI), enabling cashless ecosystem through biometrics, providing interoperable banking services to the customers of ANY BANK (AePS) and Utility Bill Payment services.
  • It is another big leap towards Prime Minister’s vision of a financially inclusive and an AatmaNirbhar Bharat.

India Post Payments Bank

  • India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India.
  • It was launched on September 1, 2018.


  • The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India.
  • The fundamental mandate of India Post Payments Bank is to remove barriers for the unbanked & underbanked and reach the last mile leveraging the Postal network comprising 155,000 Post Offices (135,000 in rural areas) and 300,000 Postal employees.
  • IPPB’s reach and its operating model is built on the key pillars of India Stack – enabling Paperless, Cashless and Presence-less banking in a simple and secure manner at the customers’ doorstep, through a CBS-integrated smartphone and biometric device.
  • IPPB delivers simple and affordable banking solutions through intuitive interfaces available in 13 languages.

Verifying, please be patient.