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India Post launches digital payment services 'DakPay'

India Post launches digital payment services DakPay

New Delhi: Customers of the Department of Post (India Post) and the India Post Payments Bank (IPPB) can now operate their banking service through an app DakPay, which was unveiled by Communications and IT Minister Ravi Shankar Prasad on Tuesday.

DakPay will provide digital financial and assisted banking services provided by India Post and IPPB through the postal network across the country. It will facilitate services such as sending money, scanning QR code and making payment for services and merchants digitally. It will also provide interoperable banking services to the customers with any bank in the country.

"Launch of DakPay adds up to the legacy of India Post, which is about reaching out to every household. "This innovative service will not only give access to banking services and postal products online but also is a unique concept where one can order and avail postal financial services at doorsteps," Prasad said while launching the app.

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