India Post Payments Bank launches digital payments’ services DakPay

DakPay isn’t simply a digital payment app however a set of digital monetary and motor-assisted banking services provided by India Post & IPPB. Department of Posts (DoP) and India Post Payments Bank (IPPB) on Tues unveiled a brand new digital payment app ‘DakPay’.

The App is launched as a part of its current efforts to produce Digital monetary inclusion at the walk across India.

DakPay isn’t simply a digital payment app however a set of digital monetary and motor-assisted banking services provided by India Post & IPPB through the trustworthy communication (‘Dak’) network across the state to cater to the monetary desires (‘Pay’) of assorted sections of the society.

t permits causation cash to the white-haired ones (Domestic cash Transfers – DMT), Scan QR code and create payment for services/merchants digitally (Virtual open-end credit & with UPI), sanctioning cashless system through biometry, providing practical banking services to the purchasers of ANY BANK (AePS) and Utility Bill Payment services.

Cabinet Minister for Communications, natural philosophy & info Technology and Law & Justice Shankar Prasad appreciated India Post Payments Bank’s efforts throughout fight against Covid-19 by providing sill monetary help through AePS resulting in monetary authorisation of the unbanked and therefore the underbanked.

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