India Post Payments Bank (IPPB) has tied up with National Payments Corporation of India’s (NPCI) bill payments system Bharat BillPay to facilitate cash-based bill payments service at customer’s doorstep. Payments for various utility bills can be done on the Bharat BillPay platform and the facility will be made available to non- IPPB customers as well.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The aim is to provide access to payment solutions to millions of unbanked and underserved customers in remote locations at their doorstep, NPCI said in its statement. The service will enable payments of mobile postpaid, D2H recharge, school fees, and other utility services by using the bank’s mobile banking service. With this collaboration, NPCI Bharat BillPay Ltd. and IPPB are set to empower citizens by enabling bill payments at the doorstep through our ubiquitous network of Gramin Dak Sevaks and Postal staff.”
Important takeaways for all competitive exams:
- IPPB Founded: 2018;
- IPPB Headquarters: New Delhi;
- IPPB MD & CEO: J Venkatramu;
- IPPB Tag line: Aapka Bank, Aapke Dwaar.
Find More News Related to Agreements