IPPB rolls out Aadhaar-enabled payment services

India Post Payments Bank (IPPB) rollout of Aadhaar Enabled Payment System Services (AePS). With AePS services, any person with a bank account linked to Aadhaar can perform basic banking services such as cash withdrawals and balance enquiry irrespective of the bank they hold their account with.

IPPB has become the single largest platform in the country for providing interoperable banking services to customers of any bank by leveraging the last mile unprecedented reach of the Postal network.

Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:

  • Managing Director & CEO of IPPB: Suresh Sethi; Established: 1 September 2018.

Source: The Livemint

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