India Post Payments Bank (IPPB) has partnered with Ria Money Transfer, a global leader in cross-border money transfers to provide convenient and affordable doorstep financial services to customers in remote areas across the country. As per the statement released by Ministry of Communications, the partnership between IPPB and Ria will enhance access to banking services at customers’ doorsteps, allowing them to withdraw only the amounts they need immediately. The Minisrty said this initiative aims to mitigate the previous challenges and risks, fostering true financial inclusion. Through this partnership, the International Inward Money Transfer service will initially be available at over 25 thousand Post Office locations, with an expected reach to over One Lakh locations through the Post Offices.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).
