India Post Payments Bank (IPPB) has earned multiple prestigious accolades in recognition of its role in transforming digital financial services, especially in driving inclusion and innovation:

https://www.ippbonline.com/web/ippb

🏆 Major Awards & Recognition

Digital International

  1. Best Digital Financial Inclusion Initiative & Banking Personality (2022)
At the BFSI Technology Annual Excellence Awards 2022, IPPB was honored with two awards:

  • Best Digital Financial Inclusion Initiative
  • Banking Personality of the Year (awarded to CGM & CSMO Shri Gursharan Rai Bansal

https://digitalinternational.in/

2. Payment Bank of the Year (2023)IPPB received this distinction at the India Banking Summit & Awards 2023 for its innovative services and last‑mile banking reach

3. Digital Bank of the Year (2024)
At the India Banking Summit 2024, IPPB was again recognized—this time as the “Digital Bank of the Year”, highlighting its continued leadership in digital transformation

📌 Why IPPB Earned These Awards

Extensive rural reach: Integrated over 155,000 post offices and 300,000 postal staff to deliver doorstep banking

Digital innovation: Introduced the “DakPay” app (UPI, virtual debit card, QR, AePS, bill payment), enabling cashless, paperless banking in 13 languages

Massive financial inclusion impact: As of Sept 2024, IPPB has over 98 million (9.88 crore) accounts, processed ₹45,000+ crore in DBT disbursements, and onboarded 12 lakh+ merchants


DIGI MERCH STORE PRINT ON DEMAND 

India Banking Summit 2024

Digital Bank of the Year: Acknowledged IPPB’s robust digital transformation—virtual debit cards, UPI, AePS, bill payments, and tax & e-commerce integration—as well as its role in processing over ₹45,000 crore in DBT disbursements and onboarding over 1.2 million merchants by September 2024

https://digitalinternational.in/

🔍 Summary

IPPB’s award-winning streak from 2022 to 2024 reflects its multi-faceted excellence—from enabling digital payments in remote areas to standing out as a full-fledged digital banking innovator. These honors highlight its critical role within India’s broader digital financial ecosystem.

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