India Post Payments Bank and Reserve Bank Innovation Hub partner for innovations in financial products and services

India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) have come together to focus their efforts on enhancing the reach of financial solutions to large sections of society across India and enabling frictionless finance to a billion Indians, the Ministry of Communications said Wednesday.

Axis Bank and PayNearby partner to launch bank accounts for last mile users at a nearby store

Axis Bank, India’s third largest private sector lender, has partnered with PayNearby, the country's largest branchless banking and digital service network, to offer the seamless opening of savings and current bank accounts for both last-mile retailers and customers, a joint press release by the companies said.