IPPB, with Sify's help, has gone live with 650 branches, 3250 access points co-located at post offices and around 11,000 gramin daksevaks and postmen providing doorstep banking services
The newly launched India Post Payments Bank (IPPB) has chosen Sify Technologies as its Network Integrator and Network Service Provider.
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 daksevaks 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.