650 branches of India Post Payments Bank rely on our technology: Sify

Sify Technologies Limited said it was the Network Integrator and Network Service Provider that enabled the Prime Minister Narendra Modi ambitious India Post Payments Bank pan India project.

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said it was the Network Integrator and Network Service provider that enabled the Prime Minister Narendra Modi ambitious India Post Payments Bank pan India project. The company informed that 650 branches of India Post Payments Bank (IPPB) and 3250 access points which were dedicated to the nation by the Prime Minister Shri on September 1, 2018, rely on Sify technology.

As part of the Rs 1877.20 crore project of the Department of Post (DoP) for modernization and IT automation drive, Sify was mandated to build and connect endpoints, spanning both sorting and administration offices. This resulted in Sify building the largest integrated MPLS (Multiprotocol Label Switching) network in India for the postal services. The total scale of the project in Phase 1 involved connecting over 28,000 urban and semi-urban post offices, said the company.

The company claimed that resting on its MPLS network backbone, IPPB has gone live with 650 branches, 3250 access points co-located at post offices and around 11,000 gramin dak sevaks and postmen providing doorstep banking services. IPPB starts operations with 17 crore accounts and gradually 1.55 lakh access points in the country will be enabled to offer banking services.

“A proud moment for us and a coming-of-age project for Sify that firmly established us as India’s most comprehensive ICT Solutions and Services player. This was not just about bringing banking to millions of under-banked Indians. It was about giving them the same opportunity as everybody else; a crucial enabler of the Prime Minister’s vision for Digital India. We are immensely proud that, as a pioneer of Network and Data connectivity in India, we played a crucial role in this financial inclusion revolution,” said , CEO, Sify Technologies.

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