On April 21, 2022, India Post Payments Bank (IPPB), a 100% government owned entity under Department of Posts (DoP) announced the launch of Fincluvation.
Fincluvation is a joint initiative to collaborate with Fintech Startup community to co-create and innovate solutions for financial inclusion.
Fincluvation will be a permanent platform of IPPB to co-create inclusive financial solutions with participating start-ups.
Fincluvation invites startups to Participate, Ideate, Develop and Market intuitive and tailored products and services that can be taken to the customers.
Startups are encouraged to develop solutions aligned with any of the following tracks-
Fincluvation will allow the start-ups to work with IPPB and DoP experts to develop solutions and conduct pilots using the postal network and IPPB’s technology stack.
Successful pilots can then mature into long-term partnerships.
Through Fincluvation, IPPB creates a platform that can provide an opportunity for start-ups to work together and understanding the needs of the underserved customers to deliver products with a positive impact and more importantly in a cost effective manner.