IPPB launches Aadhar mobile update service, BFSI News, ET BFSI

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India Post Payments Bank (IPPB) announced today it has launched a service for updating mobile numbers in Aadhaar as a Registrar for Unique Identification Authority of India (UIDAI). Now a resident Aadhaar holder can get his mobile number updated in Aadhaar by the postman at his doorstep.

The service will be available through the extensive network of 650 IPPB branches and 146,000 postmen and Gramin Dak Sevaks that have been enabled to provide a range of banking services equipped with smartphones and biometric devices.

Dr. Saurabh Garg, CEO, UIDAI said that UIDAI in its constant endeavor to ease Aadhaar related services has brought in mobile update service at the doorsteps of residents through IPPB via Postmen and Gramin Dak Sevaks. It will immensely help the residents as once their mobile is updated in Aadhaar, they can avail themselves a number of UIDAI’s online update facilities and also several government welfare services.

J Venkatramu, MD & CEO, India Post Payments Bank said, “Through Aadhaar the Government has been able to reach out to crores of people and facilitate delivery of Direct Benefit Transfer under various schemes such as LPGPAHAL, MGNREGS, etc., directly into their bank accounts. With the linking of many other services such as PAN, driving license, EPFO, and subsidized ration with Aadhaar, updating of mobile number in Aadhaar has become critical for all citizens from utility and security perspective. The mobile update service of UIDAI through the ubiquitous and accessible network of post offices, postmen, and Gramin Dak Sevaks will help in actualizing IPPB’s vision of serving the underserved and unbanked areas, and bridging the digital divide.”



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NPCI curates financial literacy book for CBSE students, BFSI News, ET BFSI

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The National Payments Corporation of India (NPCI) and the Central Board of Secondary Education (CBSE) have collaborated to develop a financial literacy curriculum for Class VI students. The Financial Literacy Textbook is being released as part of a new elective ‘financial literacy’ course that will allow students to grasp basic financial concepts at an early stage of their education.

The textbook covers a wide range of topics related to financial awareness, including teamwork and basic financial principles, as well as Banking, Security, and Digital Payments such as UPI, Cards, Wallets, and more. It covers the history of banking, the change from coins to paper money, the different types of banks, and the primary operations and services that banks provide. The textbook also elucidates the significant role of RBI and GOI in providing an impetus to the Digital Payments movement.

This book covers everything a child might need to know later in life, from basic ideas like cash, banking, savings, and investments .

This book covers everything a child might need to know later in life, from basic ideas like cash, banking, savings, and investments to advanced concepts like IMPS, UPI, USSD, NACH, PoS, mPoS, QR Codes, and ATMs. The book elaborates on the role of UIDAI and the importance of Aadhaar, as well as the Aadhaar Enabled Payment System (AePS), in the context of digital payment options.

NPCI has also been working for course content development with CBSE for Standard 7 and 8.

Praveena Rai, COO, NPCI said, “We are excited to collaborate with CBSE to launch financial literacy curriculum for the students. We are confident that the financial literacy textbook will help tender minds absorb basic & advanced financial concepts with ease and will establish mindful financial conduct and sound decisions for the generations to come.”

Shri Manoj Ahuja, IAS, Chairman, CBSE said “As the new education policy emphasizes the need of nurturing a digital mindset among the students this book is the first step towards addressing the same. It focuses on the overall digital payment system which is new; this small module on financial literacy is going to educate our students on finance from an early age.”



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