Choice International has secured a mandate from India Post Payments Bank (IPPB) to deploy a comprehensive digital investment platform. This partnership aims to broaden access to investment solutions across India, especially in underserved communities. Choice Wealth Private Limited, a subsidiary, will provide mutual fund aggregation and Robo-Advisory services through IPPB’s extensive network. The goal is democratizing wealth creation across India.
Strategic Partnership with India Post Payments Bank
Choice International has been awarded a significant contract by India Post Payments Bank (IPPB) to develop and implement a comprehensive digital investment platform for IPPB’s customers. This initiative aims to leverage IPPB’s extensive reach to offer investment solutions to a broader audience.
Digital Investment Platform Details
Choice Wealth Private Limited, a subsidiary of Choice International, will be responsible for deploying a one-stop digital investment platform. This platform will provide online Mutual Funds aggregator services and Robo-Advisory (Investment) services, making investment products accessible through mobile applications, web-based platforms, and IPPB’s mATM-compatible devices.
Expanding Investment Access Nationwide
The collaboration between Choice International and IPPB is expected to significantly expand access to mutual funds and other investment products, particularly among first-time investors and underserved communities throughout India. IPPB operates one of the most extensive financial distribution networks globally, boasting approximately 1,64,237 banking access points (Post Offices) and serving around 11.67 crore customers.
Vision for Wealth Democratization
The partnership aims to make investing more accessible, intuitive, and inclusive. This strategic alignment supports the long-term vision of democratizing wealth creation across India.
Source: BSE
