Department of Posts (DoP) and India Post Payments Bank (IPPB) launched a new digital payment app, ‘DakPay’
Bengaluru: On December 15, Department of Posts (DoP) and India Post Payments Bank (IPPB) launched a new digital payment app, ‘DakPay’.
It will help in providing Digital Financial services at the last mile across India. The app comes with a suite of digital financial and assisted banking services offered by India post and IPPB using Postal (‘Dak’) network across India to cater to the financial needs (‘Pay’) of various sections of the society, a website noted.
The app can be used to send money to others, scan QR codes and make payments for merchants and service providers digitally. One can link it to an individual’s bank account and use the Unified Payments Interface (UPI) to make payments.
The app enables a dedicated UPI ID linked to the bank account. This app will help in “enabling cashless ecosystem through biometrics, providing interoperable banking services to the customers of ANY BANK (AePS) and Utility Bill Payment services.”
During the launch event, Union Minister Ravi Shankar Prasad appreciated the efforts made by India Post Payments Bank during the Covid-19 pandemic to provide financial assistance through AePS at the doorsteps of the customers. It helps in financially empowering unbanked and underbanked citizens of India.
The website quoted Ravi Shankar Prasad, Union minister for communications, electronics & IT and law & justice, as saying, “India Post stood the test of times by serving the nation through various postal services digitally and physically during nationwide lockdown. Launch of DakPay adds up to the legacy of India Post which is about reaching out to every household.” He further added that he believes that the services offered in the form of online payments and home delivery of financial services combined with a nationwide network of Postal department will be another big leap towards Prime Minister’s vision of a financially inclusive and an AatmaNirbhar Bharat.
Last Updated Dec 16, 2020, 1:17 PM IST