NEWS

India Post Payments Bank (IPPB) launched the Fincluvation Platform

FINCLUVATION

• Platform to promote innovative solutions in collaboration with fintech startups to accelerate financial inclusion among the underserved and unserved population
• Co-create inclusive financial solutions with participating start-up
• Industry first initiative to create a powerful platform to mobilize the start-up community towards building meaningful financial products aimed at financial inclusion

INDIA POST PAYMENTS BANK

• Launched in 2018
• 100% equity owned by the Government of India.
• Payments bank of the Indian postal department
• Works through a network of post offices and nearly 4 lakh postmen
• Governed by the Reserve Bank of India (RBI)
• Set up with the vision to build the most accessible, affordable and trusted bank for the common man in India
• Providing a fillip to a less cash economy and contribute to the vision of Digital India