Saturday, July 20, 2024
-Advertisement-
Digital Senate
Digital Senate
Digital Senate
Digital Senate
HomeNewsGovTech650 branches of India Post Payments Bank rely on our technology: Sify

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

Follow Tech Observer on Google News

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.

Google News

said it was the Network Integrator and Network Service provider that enabled the Prime Minister Narendra Modi ambitious India 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 Kamal Nath, CEO, Sify Technologies.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Bitcoin 2024
Bitcoin 2024
Bitcoin 2024
Bitcoin 2024
- Advertisement -Digital Senate
- Advertisement -Education Sabha
- Advertisement -Bitcoin 2024
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Amazon Prime Day 2024 brings major discounts and new launches

Amazon Prime Day 2024 offers discounts across categories including Smartphones, TVs, Appliances, Fashion & Beauty essentials, Groceries, Amazon Devices, Home & Kitchen, Furniture, and Everyday Essentials.

RELATED ARTICLES