India Post Payments Bank launches DakPay app for UPI, banking, utilities & bills, digital services

New Delhi: The Department of Posts conducted the Meghdoot Award Function 2020 on Tuesday, 15th December, in the Conference Hall of MeitY (Ministry of Electronics and Information Technology), Electronics Niketan, CGO Complex, New Delhi. The DakPay app was launched at the event by the India Post Payments Bank (IPPB) of India Post as part of its ongoing efforts to provide Digital Financial inclusion at the last mile, stated a press note from the Ministry of Communications.

DakPay is a suite of digital financial and assisted banking services provided by India Post & IPPB through the postal (‘Dak’) network across the nation to cater to the financial needs (‘Pay’) of various sections of the society – including sending money to loved ones (Domestic Money Transfers – DMT), making payment for services/merchants digitally (virtual debit card) & UPI, enabling cashless ecosystem through biometrics, providing interoperable banking services to the customers of any bank (AePS), and utility bill payment services.

The Ministry stated that the DakPay UPI app allows users to create a UPI ID and link multiple accounts across banks in a single mobile app. The app facilitates instant money transfers, QR-based payments in merchant stores, and online shopping on e-commerce websites.

The event was attended by Ravi Shankar Prasad, Minister of Communications, Law & Justice, and Electronics & Technology, as the Chief Guest, and Sanjay Dhotre, Minister of State (MoS) for Education, Communications, and Electronics & Technology as the Guest of Honour. All the Chief Postmaster Generals and Meghdoot awardees were present for the event via video conference.

Addressing the gathering, Communications Minister Ravi Shankar Prasad hailed the launch of the DakPay app as an important step in the Digital Revolution and expressed hope that it will become an effective payment platform in competition with the best in the market. He said that just as AePS has brought banking services to doorsteps, DakPay will go a step further in providing ease of payment for various e-commerce and business activities. The Minister appreciated the work done by the DoP during the Covid-19 pandemic and said he felt the DoP stood up the test. The welcome address was given by Secretary (Posts), Pradipta Kumar Bisoi, and a vote of thanks was proposed by Director General, Postal Services, Vineet Pandey.

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The ID Staff

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