Need to aware public about latest technology for sustainable cashless transactions: DDC Ang

Need to aware public about latest technology for sustainable cashless transactions: DDC Ang
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Stresses proper dissemination of information regarding IPPB

ANANTNAG: District Development Commissioner, Anantnag, Mohammad Younis Malik on Wednesday stressed upon proper dissemination of information regarding IPPB, so that benefit reaches the grassroots level. He stressed on the need to aware public about the latest technology and techniques regarding the sustainable cashless transactions, so that maximum could be achieved in minimum time frame.
Malik was speaking during a meeting of the officers of Department of Posts (DoP) Anantnag, representatives of various banks and other district officers, regarding India Post Payments Bank (IPPB) services, launched on 1st of September 2018.
The DDC added that there are dozens of social security schemes available for the needy, but need of the hour was to create awareness among general public and close coordination among various banks and government departments so that beneficiaries are benefitted at the right time. “IPPB and other banks can play a vital role in making cashless transactions easy and accessible for the common public,” he further said.
On the occasion experts from Department of Posts (DoP) Anantnag detailed about various services being provided by IPPB for the general public. Threadbare discussions were held regarding the effective implementation of the (IPPB) services, an official handout read.
The experts informed the meeting that the IPPB will be like any other bank but its operations will be on a smaller scale without involving any credit risk and “is expected to reach customers mainly through their mobile phones rather than traditional bank branches”.
The accounts can be opened instantly through their respective mobile apps just by providing details like Aadhaar Number with KYC verification. “Also doorstep banking service is one of the most distinct features of the IPPB, thereby making it very accessible,” it read.