‘DakPay’--- By IPPB

Published on December 17, 2020
Current Context: The Department of Posts (DoP) and India Post Payments Bank (IPPB) together launched 'DakPay', which is a new digital payment app.
‘DakPay’--- By IPPB
  • It is launched with an aim to provide Digital Financial inclusion in India. 
  • ‘DakPay’ is the complete solution for digital financial and assisted banking services being provided by IPPB.
  • It supports every usage of the customer right from sending money (Domestic Money Transfers - DMT), Scanning of QR code and making payment for services/merchants (Virtual debit card and with UPI), enabling cashless ecosystem through biometrics, providing interoperable banking services to the customers of any bank (AePS) and Utility Bill Payment services.
  • ‘DakPay’ was launched by Union Minister for Communications, Electronics & IT and Law & Justice, Ravi Shankar Prasad.  
  • Static Part: 
    • HQ of IPPB: New Delhi
    • MD and CEO of IPPB: J Venkatramu


Q.1 Who among the following unveiled and launched the ‘DakPay’ mobile phone app by IPPB and Dept. of Posts?
a. Ravi Shankar Prasad
b. Ajay Prakash Sawhney
c. Nirmala Sitharaman
d. Piyush Goyal

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