Ultimate magazine theme for WordPress.

Sify powers India Post Payments Bank as network integrator

0 1,504

Sify Technologies said it has worked as the network integrator and network service provider for the Department of Posts, helping the latter in the roll out of payments bank services at 650 branches and 3,250 access points. The IPPB services were launched Saturday by Prime Minister Narendra Modi at a ceremony held in the national capital.

“Sify is the network integrator and network service provider that enabled this ambitious pan-India project. As part of the Rs 1,877.20 crore DoP modernisation/IT automation drive, Sify was mandated to build and connect endpoints, spanning both sorting and administration offices,” it said in a statement.

The total scale of the project in Phase I involved connecting over 28,000 urban and semi-urban post offices, it added. “Resting on Sify’s network backbone, IPPB will go now live with 650 branches, 3,250 access points co-located at post offices. IPPB is starting operations with 17 crore accounts and gradually 1.55 lakh access points in the country will be enabled to offer banking services,” it said.

The project was not just about bringing banking to millions of under-banked Indians but also about giving them the same opportunity as the rest — a crucial enabler of the Prime Minister’s vision for Digital India, Sify Technologies CEO Kamal Nath said.

If you have an interesting article / experience / case study to share, please get in touch with us at editors@expresscomputeronline.com


Get real time updates directly on you device, subscribe now.

Subscribe to our newsletter
Sign up here to get the latest news, updates delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.

Join Our Newsletter Today!

Stay updated with all latest updates from the world of Business Technology, get exclusive invites to our upcoming events & much more.
Subscribe Now!