India Post Payments Bank And Reserve Bank Innovation Hub Join hands to focus our efforts to increase access to financial solutions to a large section of society across India and enable uninterrupted finance to one billion Indians, an official statement said on Wednesday. Under the arrangement India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (rbih) will plan, design and execute innovative products and offerings to bridge the existing gap by bringing digital services at the doorstep of the customer.

“Customer centricity is at the heart of everything we do at RBIH. India’s strong digital stack gives us a unique opportunity to bring everyone into the financial realm of the country. I am excited about the possibilities that our collaboration with IPPB brings.” together, and the impact we can make for the citizens of India together,” RBIH CEO Rajesh Bansal Told.

The collaboration between IPPB and RBIH will explore projects that will impact the public by leveraging the deep rural outreach of IPPB-the Department of Posts (DOP) to bring rural finance to one billion Indians.

The two institutions will jointly work to enable access to sustainable and secure finance services for every section of the society through research and innovation.

J Venkataramu, MD & CEO, IPPB said, “The partnership with RBI is a milestone in IPPB’s journey to leverage its digital platform and physical network to provide comprehensive, customer-centric and convenient digital solutions to one billion Indians. Is.”

Additionally, IPPB will be an active participant and partner with RBIH on initiatives of national importance under the leadership of RBIH, the statement said.