DakPay is a digital payment service, it aims to transform Banking Experience at the last mile, it is launched by which of the following bank?

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IBPS PO Mains Memory Based Paper (Held on:04 February 2021)
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  1. ICICI Bank
  2. Canara Bank
  3. IndusInd Bank
  4. India Post Payments Bank
  5. None of the above

Answer (Detailed Solution Below)

Option 4 : India Post Payments Bank
Free
IBPS PO 2024 Prelims Full Test 1
100 Qs. 100 Marks 60 Mins

Detailed Solution

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The correct answer is ​India Post Payments Bank.

Key Points

  • India Post Payments Bank launches its digital payments services ‘DakPay’.
    • Aims to Transform Banking Experience at the last mile.
    • DakPay is not just a digital payment app but a suite of digital financial and assisted banking services provided by India Post & IPPB.
    • Launched under: Ministry of Communication and Information Technology
      • Minister: Ravi Shankar Prasad

Additional Information 

Name of the bank Headquarter
ICICI bank Mumbai (Previous Vadodra)
Canara bank Bengaluru
Induslnd Bank Pune
India Post Payments Bank New Delhi

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