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Fino Payments Bank IPO: Fighting For Deposits But Still India's Top Payment Bank Network

Fino Payments Bank IPO: Fighting For Deposits But Still India's Top Payment Bank Network
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Top headlines: GST collections give FM confidence; Lava to ramp headcount

Recapitalisation plan in the works for India Post Payments Bank
The government is exploring options to make India Post Payments Bank viable, which include infusing about Rs 2,000 crore into it and merging the institution with regional rural banks (RRBs). The payments bank, launched in January 2017, has not been doing well as a standalone entity and needs to be recapitalised, said an official in the know.
At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget
A day ahead of the Union Budget, which is likely to report a huge fiscal deficit, the government has got some cushion with goods and services tax (GST) collection touching a record high of Rs 1.19 trillion in January. Since the figure pertained to collection till 6 pm on January 31, some more is expected to come into the government coffers for the month. GST collection surpassed Rs 1 trillion for the fourth straight month due to economic recovery and because of government measures to tighten i ....

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FSS and India Post Payments Bank join hands to promote financial inclusion

FSS (Financial Software and Systems), a leading payment processor and provider of integrated payment products, has partnered with India Post Payments Bank (IPPB) to promote financial inclusion among underserved and unbanked segments.
As part of the collaboration, IPPB will use FSS’ Aadhaar Enabled Payment System (AePS) to deliver interoperable and affordable doorstep banking services to customers across India. FSS’ AePS solution combines the low-cost structure of a branchless business model, digital distribution, and micro-targeting that lowers acquisition costs and improves reach.
This strategic partnership offers significant opportunities to bring millions of unbanked customers into the financial mainstream. Currently, there are nearly 410 million Jan Dhan accounts in India, according to FSS. ....

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India Payment Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2020-2025

India Payment Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2020-2025
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India Post Payments Bank launches its digital payments' services 'DakPay'

India Post Payments Bank launches its digital payments services DakPay
ANI |
Updated: Dec 15, 2020 15:58 IST
New Delhi [India], December 15 (ANI): The Department of Posts (DoP) and India Post Payments Bank (IPPB) have virtually unveiled a new digital payment app DakPay , an official statement said here on Tuesday.
The App is launched as part of its ongoing efforts to provide Digital Financial inclusion at the last mile across India, the statement said.
DakPay is not just a digital payment app but a suite of digital financial and assisted banking services provided by India Post and India Post Payments Bank (IPPB) through the postal network across the nation to cater to the financial needs of various sections of the society - be it sending money to the loved ones (Domestic Money Transfers - DMT), Scan QR code and make payment for services/merchants digitally (Virtual debit card and with UPI), enabling cashless ecosystem ....

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