What is "DakPay"?
DakPay is a UPI App introduced on 15-12-2020 by the India Post Payments Bank (IPPB) along with the Department of Posts (DOP) to facilitate easy digital transactions and other banking services and enable the user to register and create UPI ID and UPI PIN, add multiple Bank Accounts into a single mobile application facilitating Banking features, fund transfer, merchant Payments, and offers postal products. Features of DakPay
You are aware that IPPB was launched by Prime Minister Shri Narendra Modi on 01-09-2018.
IPPB has launched the digital payment application DakPay on 15-12-2020 with the following special features:
(i) Unified Payments Interface(UPI): Fast and easy Bank account to Bank Account payment transfers.
(ii) Virtual Debit Card(VDC): Shop and make payments with the Digital form of a Debit card powered by Rupay.
(iii) Domestic Money Transfer(DMT): Instant Money transfer to any Bank account in India. DakPay will provide digital financial and assisted banking services provided by India Post and IPPB through the postal network across the country.
Using the DakPay app, the users will be able to facilitate services such as sending money, scanning QR codes, and making payments for services and merchants digitally. Apart from this, the app will also provide interoperable banking services to customers with any bank in the country.
This innovative service will not only give access to banking services and postal products online but also is a unique concept where one can order and avail of postal financial services at doorsteps.
