New Delhi: Indian Postal Service-linked bank- India Post Payment Bank (IPPB) is preparing to join Unified Payments Interface (UPI) from April to provide state-of-the-art mobile banking facility to its consumers. UPI is an instant payment system developed by National Payments Corporation of India. UPI facilitates quick money transfer between two parties’ bank accounts.
A senior official of the IPPB at the Head Post Office here said that India Post Payments Bank will join the Unified Payment Interface (UPI) from April next, allowing IPPB customers to pay anyone from their account. He said that with the implementation of UPI in IPPB, customers of this bank will be able to pay the rail tickets on the IRCTC portal and also can pay the service or product by scanning the QR code at other shops.
The official said that the IPPB is also working on the facility of fast tag recharge and probably from April the bank customers will be able to recharge the fast tag from their account. For this, work is going on to include the facility of fast tag recharge on the application of IPPB.
