India Post Payments Bank(IPPB) has announced the launch of Fincluvation.<\/span><\/p>\n Fincluvation is a joint initiative to collaborate with the Fintech Startup community to co-create and innovate solutions for financial inclusion.<\/span><\/p>\n Launched by: <\/b>India Post Payments Bank(IPPB) and Department of Post(DoP).<\/span><\/p>\n Tracks: <\/b>Under the initiative, startups are encouraged to develop solutions aligned with any of the following tracks:<\/span><\/p>\n \u2013 <\/span>Creditization <\/b>– Develop Innovative & Inclusive credit products aligned with the use cases of target customers and take them to their doorsteps through the Postal network.<\/span><\/p>\n \u2013 <\/span>Digitization<\/b> – Bring convenience through the convergence of traditional services with Digital Payment Technologies such as making the traditional Money Order service an Interoperable Banking service.<\/span><\/p>\n \u2013 <\/span>Any Market-led solutions <\/b>that can help solve any other problem relevant to IPPB and\/or DoP in serving the target customers.<\/span><\/p>\n Established in: <\/b>2018 under the Department of Posts, Ministry of Communication <\/span>with 100% equity owned by the Government of India.<\/span><\/p>\n Purpose: <\/b>The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India.<\/span><\/p>\n Model: <\/b>I<\/span>PPB\u2019s reach and its operating model are built on enabling Paperless, Cashless and Presence-less banking. This is achieved in a simple and secure manner at the customers\u2019 doorstep through a CBS-integrated smartphone and biometric device.<\/span><\/p>\n Source: <\/b>This post is based on the article<\/span> \u201c<\/b>India Post Payments Bank launches \u2018Fincluvation\u2019<\/b>\u201d <\/b>published in<\/span> PIB on 21st April 2022.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the News? India Post Payments Bank(IPPB) has announced the launch of Fincluvation. What is Fincluvation? Fincluvation is a joint initiative to collaborate with the Fintech Startup community to co-create and innovate solutions for financial inclusion. Launched by: India Post Payments Bank(IPPB) and Department of Post(DoP). Tracks: Under the initiative, startups are encouraged to… Continue reading India Post Payments Bank launches \u2018Fincluvation\u2019<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[3590],"class_list":["post-180670","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1701826088},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/180670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=180670"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/180670\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=180670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=180670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=180670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is Fincluvation?<\/b><\/h5>\n
What is India Post Payments Bank(IPPB)?<\/b><\/h5>\n