Prime Minister Narendra Modi launched IPPB nationwide on September 1, 2018
Sify Technologies is proud to record a momentous milestone wherein 650 branches of India Post Payments Bank (IPPB) and 3250 access points were dedicated to the nation by the Prime Minister Narendra Modi on September 1, 2018. Sify is the Network Integrator and Network Service Provider that enabled this ambitious pan-India project.
As part of the INR 1877.20 Cr (USD 270 Mil) DoP modernization/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 28,000+ urban & semi-urban post offices.
Resting on Sify’s 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.
Kamal Nath, CEO, Sify Technologies, said, “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.”
