India Post Payments Bank and Ria Partner to Launch Doorstep Remittance Services in Rural India.

MOUs and Agreement

The partnership aims to combine IPPB’s reach through India’s postal network with Ria’s global network of international inward money transfer services to provide doorstep financial services. According to a press release, the transactions will be made available at more than 25,000 Post Offices immediately, with an expected reach of over 100,000 locations.


      The Ministry of Communications noted in the press release that 65% of India’s population lives in rural areas with limited financial infrastructure, thus necessitating long travels to withdraw their international inward remittance money from relatives working abroad.

     

     

 

     


About IPPB

CEO - J Venkatramu
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