28.01.21
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New banking service delivery models are helping to create a populace ready to adopt new-age financial products. Doorstep banking services using Aadhaar Enabled Payment System Solution (AEPS) is a new technological advancement that has helped India Post Payments Bank (IPPB) to bridge the digital divide. The total transaction value processed by the AePS system has crossed the Rs 8,000-crore mark, indicative of IPPB’s scale and its ability to successfully tap into latent demand for financial products amongst hitherto underserved segments.
