India Post Payments Bank to have outreach program
India Post Payments Bank is undertaking a massive outreach program to make banking services more accessible and transparent. India Post said the department will transform each and every 1.55 lakh post offices into a payments bank outlet and every postman and grameen dak sevak - some 3 lakh - representatives of the bank. This will make India Post Payments Bank India’s second largest Payments Bank in terms of reach. With 15 lakh outlets and 2.5 lakh merchants, Airtel is India’s largest payments bank network. India Post Payments Bank will also be offering ATM services, which will when fully operationalized, will be the world’s largest ATM network.