IPPB - Payment Bank of the Year - 2023

 IPPB - Payment Bank of the Year - 2023

A new moment of glory and honour is here! IPPB is once again in the spotlight and is proud to be awarded as the "Payment Bank of The Year" at the India Banking Summit & Awards 2023.

The Indian banking industry has recently witnessed the rollout of innovative banking models like Digital Payments, Digital Lending, Neo-Banking & a rise of Fintech. India’s Digital Lending stood at US$ 75 billion in FY18 and is estimated to reach US$ 1 trillion by FY23 driven by the five-fold increase in digital disbursements. The Indian Fintech Market has attracted $29 billion in funding over 2,084 deals so far, accounting for 14% of global funding and ranking second in terms of deal volume. By 2025, India’s Fintech Market is expected to reach Rs. 6.2 trillion (US$ 83.48 billion).

India Banking summit & Awards 2023 highlights the challenges and opportunities and provides a networking platform to the India’s Banking industry. The Summit aims to explore new technologies such as AI, ML, Digital Lending, Payments, Digital Assets and much more. The Summit will empower the banks to devise strategies that will help them keep pace with the evolving financial ecosystem in this digital age and how the banks can be future ready by adopting digital strategies, innovating in products and services offered and reaching customers on digital channels while proactively combating cyber risks. Summit consists of panel discussions, focused sessions by industry experts sharing their insights and experience, and networking sessions with banking professionals.