Digital push: India Post Payments Bank bags FinMin’s 2024‑25 Digital Payments Award; tops DFS index among payments banks
Times of IndiaSaturday, June 21, 2025 at 9:35:44 AM
India Post Payments Bank (IPPB) just snagged the Finance Ministry’s top honor for digital payments in 2024-25, thanks to its massive push to bring banking services to underserved areas. By leveraging postmen and rural postal workers, IPPB has onboarded over 11 crore customers, making paperless banking accessible even in remote corners of the country. It also clinched the top spot in the DFS performance index among payments banks—a clear nod to its efficiency and reach.
Editor’s Note: This isn’t just a pat on the back for IPPB—it’s a big deal for India’s financial inclusion goals. With millions still outside the formal banking system, IPPB’s post-office-powered model is bridging gaps in a way traditional banks can’t. The award signals that low-cost, tech-driven solutions are working, and it could push other players to innovate further. For rural users, it means easier access to money management without needing a smartphone or internet—just their local postman.
— Curated via WP Now’s
