MONEY
India Post launches DakPay services
- IBJ Bureau
- Dec 15, 2020
The
Department of Posts (DoP) and India Post Payments Bank (IPPB) have unveiled a
new digital payment app called DakPay at a virtual event. The app is a part of
the department’s ongoing efforts to provide and expand digital financial
inclusion to all corners of the country. DakPay is not simply a digital payment
app but a collection of digital financial and assisted banking services bundled
together for its users –such as Domestic Money Transfers (DMT) and virtual
debit card with UPI). These services are provided by India Post and IPPB
through its postal network spread across the nation.
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