Digital payment app ‘DakPay’

Department of Posts and India Post Payments Bank unveiled a new digital payment app DakPay.

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Key-Points

DakPay is a suite of digital financial and assisted banking services provided by India Post and India Post Payments Bank (IPPB) through the trusted Postal (‘Dak’) network across the nation to cater to the financial needs (‘Pay’) of various sections of the society.

DakPay UPI app allows users to create UPI ID and link multiple accounts across banks in a single mobile app.

The app facilitates instant money transfers, QR based payments in merchant stores and online shopping on e-commerce websites.