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Ripple IS working with the U.N. - Proof?

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6 hours ago, RDS said:

Last week, IPPB CEO Suresh Sethi said that IPPB will go live with 650 branches in addition to 3,250 access points co-located at post offices and around 11,000 postmen both in rural and urban area will provide doorstep banking services.

IPPB has permission to link around 17 crore postal savings bank (PSB) account with its account.

With IPPB in place, people in rural area will be able to avail digital banking and financial services, including money transfer, to any bank account either with help of mobile app or by visiting a post office.

IPPB was the third entity to receive payments bank permit after Airtel and Paytm. Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses.

The postal payment bank has permit to carry RTGS, NEFT, IMPS transaction that will enable IPPB customers to transfer and receive money from any bank account.

The payment bank will be used by government to distribute NREGA wages, subsidies, pension etc

The IPPB app which is expected to be launched on same day will enable customers to pay for services of around 100 firms including phone recharges and bill, electricity bill, DTH service, college fees etc that are present on Bharat Bill payments system of National Payments Corporation of India.

 

Thank you for posting this, this is exactly one of the thoughts I had, the idea behind this is the governments are pushing this forward as a utility, not unlike efforts we've had in the U.S. where other utilities of the day have been pushed forward by government intervention, such as, running water, electricity, telephone service, and now internet service. In the global / digital economy of today there is a demand for a payments utility.

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Coincidence?

PM Modi to launch India Post Payments Bank on Aug 21

“IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural area.
“Government is trying to link all the 1.55 lakh post office branches with IPPB services by the end of this year,” the official said. This will create the country’s largest banking network with direct presence at village level.”

http://www.dailyexcelsior.com/pm-modi-to-launch-india-post-payments-bank-on-aug-21-2/

India is a member of UPU:

http://www.upu.int/en/the-upu/member-countries/southern-asia-and-oceania/india.html

“India

Official name:India

ISO Code 3166/Alpha-2:IN

Date of entry into the UPU:01-07-1876

Contribution units:20

Designated operator:India Post

Search for a postcode:Access to this service”

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59 minutes ago, Tehol_Beddict said:

Coincidence?

PM Modi to launch India Post Payments Bank on Aug 21

“IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural area.
“Government is trying to link all the 1.55 lakh post office branches with IPPB services by the end of this year,” the official said. This will create the country’s largest banking network with direct presence at village level.”

http://www.dailyexcelsior.com/pm-modi-to-launch-india-post-payments-bank-on-aug-21-2/

India is a member of UPU:

http://www.upu.int/en/the-upu/member-countries/southern-asia-and-oceania/india.html

“India

Official name:India

ISO Code 3166/Alpha-2:IN

Date of entry into the UPU:01-07-1876

Contribution units:20

Designated operator:India Post

Search for a postcode:Access to this service”

Oh, damn...the last mile. 

I'm of the opinion there're no such thing as coincidences. 

(Great OP, @slinuxuzer. Thanks.)

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1 hour ago, Tehol_Beddict said:

Coincidence?

PM Modi to launch India Post Payments Bank on Aug 21

“IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural area.
“Government is trying to link all the 1.55 lakh post office branches with IPPB services by the end of this year,” the official said. This will create the country’s largest banking network with direct presence at village level.”

http://www.dailyexcelsior.com/pm-modi-to-launch-india-post-payments-bank-on-aug-21-2/

India is a member of UPU:

http://www.upu.int/en/the-upu/member-countries/southern-asia-and-oceania/india.html

“India

Official name:India

ISO Code 3166/Alpha-2:IN

Date of entry into the UPU:01-07-1876

Contribution units:20

Designated operator:India Post

Search for a postcode:Access to this service”

@Tehol_Beddict this is a bit off subject, but I was trying to figure out if it was you who responded to a question I asked about a couple months ago regarding Stellar's partnership with ICICI bank in India?

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13 hours ago, slinuxuzer said:

Thank you for posting this, this is exactly one of the thoughts I had, the idea behind this is the governments are pushing this forward as a utility, not unlike efforts we've had in the U.S. where other utilities of the day have been pushed forward by government intervention, such as, running water, electricity, telephone service, and now internet service. In the global / digital economy of today there is a demand for a payments utility.

This is a long overdue re-imagining, and modernization, of the global financial infrastructure. The nations who are paying attention and making rapid moves on this technology are positioning themselves to have an advantage over those nations who must be dragged into the future, kicking and screaming, imo.

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7 hours ago, Tehol_Beddict said:

Coincidence?

PM Modi to launch India Post Payments Bank on Aug 21

“IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural area.
“Government is trying to link all the 1.55 lakh post office branches with IPPB services by the end of this year,” the official said. This will create the country’s largest banking network with direct presence at village level.”

http://www.dailyexcelsior.com/pm-modi-to-launch-india-post-payments-bank-on-aug-21-2/

India is a member of UPU:

http://www.upu.int/en/the-upu/member-countries/southern-asia-and-oceania/india.html

“India

Official name:India

ISO Code 3166/Alpha-2:IN

Date of entry into the UPU:01-07-1876

Contribution units:20

Designated operator:India Post

Search for a postcode:Access to this service”

I also do not believe in coincidence. Everything is connected, or will be, eventually.

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10 hours ago, King34Maine said:

@Tehol_Beddict this is a bit off subject, but I was trying to figure out if it was you who responded to a question I asked about a couple months ago regarding Stellar's partnership with ICICI bank in India?

https://cfi-blog.org/2017/08/08/icici-bank-and-stellar-using-blockchain-to-reach-the-base-of-the-pyramid-in-india/

 

So you think xlm is being used isntead of XRP?

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2 hours ago, Dymac said:

Well, I don't know. ICICI is listed on Stellar's partnership webpage. I was having a discussion with someone on Reddit yesterday about India and Asheesh Birla's comment about Ripple having ~50% of India in their pipeline. We then went back-n-forth about ICICI and their affiliation with Stellar. I remember raising the question here a couple months ago and I can't remember if it was @Tehol_Beddict or @LordVetinari who responded with some info that pointed to the fact that Stellar's affiliation with ICICI was more of an MOU or POC rather than a partnership. However, I can't seem to find that exchange in my profile history. 

Edited by King34Maine

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