digital payments award ippb india private limited

India Post Payments Bank (IPPB), a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications, was conferred the Digital Payments Award 2024-25 by the Department of Financial Services (DFS), Ministry of Finance. The award, presented by Union Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary in New Delhi, recognizes IPPB’s outstanding contribution to expanding digital payments and financial inclusion across India. IPPB achieved 1st position among Payments Banks in India in the DFS Performance Index for Financial Year 2024–25 and received a Special Mention for Financial Year 2023-24.

This accolade highlights IPPB’s role in leveraging India Post’s extensive network of over 1.55 lakh post offices and 3 lakh postal employees, including 2 lakh Postmen and Gramin Dak Sevaks, to deliver doorstep banking services. With a tech-driven approach built on India Stack (paperless, cashless, presence-less banking), IPPB serves over 11 crore customers across 5.57 lakh villages and towns, offering services in 13 regional languages. Its efforts focus on bridging the urban-rural banking divide, reaching unbanked and underbanked populations, and promoting a cash-light, digitally empowered economy.