Sify supports 650 branches of IPPB as network integrator & network service provider

Sify Technologies is proud to record a momentous occasion when 650 branches of India Post Payments Bank (IPPB) and 3,250 access points are dedicated to the nation by Prime Minister Narendra Modi in a ceremony in New Delhi. Sify is the Network Integrator and Network Service Provider that enabled this ambitious pan-India project.

As part of the Rs.1,877.20-crore (US$270 million) DoP modernization/IT automation drive, Sify is mandated to build and connect endpoints, spanning both sorting and administration offices. This results 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 involves connecting 28,000+ urban and semi-urban post offices.

Resting on Sify’s MPLS network backbone, IPPB will go now live with 650 branches, 3,250 access points co-located at post offices and around 11,000 gramin dak sevaks and postmen providing doorstep banking services. IPPB is starting operations with 17 crore accounts and gradually 1.55 lakh access points in the country will be enabled to offer banking services.

Kamal Nath, CEO, Sify Technologies, says, “A proud moment for us and a coming-of-age project for Sify that firmly established us as India’s most comprehensive ICT Solutions and Services player. This was not just about bringing banking to millions of underbanked Indians. It was about giving them the same opportunity as everybody else, a crucial enabler of the Prime Minister’s vision for Digital India. We are immensely proud that, as a pioneer of Network and Data connectivity in India, we played a crucial role in this financial inclusion revolution.”