India Post Payments Bank Announces Rollout of Aadhaar Enabled Payment Services at the First Anniversary of its Business Operations Achieves Milestone of 1 Crore Customers

The Union Minister for Communications, Electronics & IT and Law & Justice Shri Ravi Shankar Prasad today announced the rollout of Aadhaar Enabled Payment System (AePS) Services by India Post Payments Bank (IPPB), giving a strong boost to its efforts in expanding access to financial services for millions of unbanked and underbanked customers. Speaking at the First Anniversary Celebrations of IPPB here, the Minister congratulated IPPB for achieving the milestone of 1 Crore customers and exhorted them to achieve 5 crore target in next one year. Referring to 440 Central schemes on-boarded to the DBT platform, Shri Prasad said that all these schemes must ride on IPPB platform too. He said, ‘Inclusive’ is the key mantra of the government and the department of Posts should strive for Banking the unbanked, funding the unfunded and securing the unsecured.