India Post Payments Bank celebrates 8 years of promoting payments and card services through digital banking, RuPay cards, and doorstep financial inclusion.

India Post Payments Bank (IPPB) has turned eight years old and has made a significant impact on India's payments and cards ecosystem. As per the Ministry of Communications, IPPB has nearly 12 crore customers on its books, has transacted billions of rupees and has introduced doorstep banking facilities through its vast network of 1.64 lakh post offices and 1.90 lakh postmen.

Founded in 2018, IPPB was expected to be the nearest and cheapest bank for the common man. Over the years, it has expanded its digital presence with offerings such as DigiSmart, Premium Aarogya Savings Account, and Aadhaar-based face authentication. Further, these efforts have increased the availability of payments and card services, making economic inclusion and convenience a realistic possibility.

The bank now supports DBT disbursements, pension payments, credit referrals, and insurance and investment products. The virtual debit card called Rupay, AePS-enabled services and the integration of Bharat Billpay and cross-border remittance features have made IPPB a holistic player in payments and card solutions, filling the city-rural divide.

As a technology-oriented and innovative company, IPPB still continues to revolutionize the concept of grassroots banking and enhance the national digital payments and cards network across India.