Recently Reserve Bank Innovation Hub (RBIH) and which payments banks have come together to focus their efforts on enhancing the reach of financial solutions to large sections of society across India?

Solution

Innovations in Financial Product and Services- India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) have come together to focus their efforts on enhancing the reach of financial solutions to large sections of society across India and enabling frictionless finance to a billion Indians. The collaboration between IPPB and RBIH will explore projects which shall have impact on the masses by- Leveraging the deep rural reach of IPPB-Department of Posts (DoP) to take Rural Finance to a billion Indians. Enabling access to sustainable and secure finance services to every segment of the society, through research and innovation.