Current Context: India Post Payments Bank and Reserve Bank Innovation Hub have collaborated for enhancing financial solutions.
- The financial solutions will be provided to the larger sections of society.
- It will enable frictionless finance for a billion Indians.
- This collaboration will have an impact on the masses by leveraging the deep rural reach of the IPPB-Department of Posts to take rural finance to the major part of the country.
- It will also enable access to sustainable and secure financial services.
- It will also help in planning and designing innovative products.
