FSS and India Post Payments Bank join hands to promote financial inclusion

Under the deal, IPPB will use FSS' Aadhaar Enabled Payment System to deliver interoperable and affordable doorstep banking services to under-served and un-banked customers across India

FSS (Financial Software and Systems), a leading payment processor and provider of integrated payment products, has partnered with India Post Payments Bank (IPPB) to promote financial inclusion among underserved and unbanked segments.

As part of the collaboration, IPPB will use FSS’ Aadhaar Enabled Payment System (AePS) to deliver interoperable and affordable doorstep banking services to customers across India. FSS’ AePS solution combines the low-cost structure of a branchless business model, digital distribution, and micro-targeting that lowers acquisition costs and improves reach. 

This strategic partnership offers significant opportunities to bring millions of unbanked customers into the  financial mainstream. Currently, there are nearly 410