The payments bank model has been envisaged based on the success of M-Pesa in Kenya. A study by Bill and Melinda Gates Foundation identified four reasons why M-Pesa was able…
Posts published in July 2016
Three have already backed out. Off the remaining eight, four are expected to start operations soon. This, in short, is the story of Reserve Bank of India’s (RBI) bid to…
Close to a year after the Reserve Bank of India (RBI) gave ‘in-principle’ licences to 11 entities (only eight are in the fray now) to launch payments banks in the…
India Post Payments Bank, which is in a hurry to appoint a head, could get its first chief executive officer from the country’s largest lender State Bank of India (SBI).…
The India Post Payments Bank (IPPB) is a proposed state-owned commercial bank in India. The bank would use the existing network of the public-sector postal service, India Post. History In…
India Post expects to start the first 50 branches of its payments bank by May 2017, seeking to widen financial inclusion in the country. As per the current plan, India…
At least 15 companies, including Wipro Ltd, Infosys Ltd and International Business Machines Corp. have shown an interest in handling the back end operations of India Post Payments Bank (IPPB).…