Latest news with #API-driven
India.com
4 days ago
- Business
- India.com
Indias 165,000 Posts Offices To Go Digital By Aug 4 In Big Tech Push To Speed Up Delivery
New Delhi: More than 86,000 post offices across the country have gone digital and by August 4 this year the entire network of nearly 1,65,000 post offices will have migrated to the new platform as part of the reform initiative launched by the Centre to reposition India Post as a technology-driven, citizen-centric logistics and e-commerce enabler, according to an official statement issued on Wednesday. The technological transformation of India Post under the IT 2.0 framework is designed to introduce real-time track and trace capabilities, customised services for bulk customers, electronic proof of delivery, OTP-based authentication, digital payments, and open API integration, the statement said. In line with industry's best practices, the Department has introduced centralised delivery for all categories of mail and parcels by setting up dedicated delivery centres that consolidate the service areas of existing post offices. These delivery centres will enable the Department to offer flexible delivery services, including Sunday and holiday deliveries, as well as morning and evening delivery options. A total of 344 delivery centres have been launched nationwide during Phase 1, the statement added. Union Minister of State for Communications and Rural Development Dr. Pemmasani Chandra Sekhar Reviews India Post Reforms: Tech-Driven Overhaul Gains Momentum India Post 2.0: Massive Tech Push to Power Last-Mile Delivery Across Bharat India Post Embarks on Technology-Driven… — PIB India (@PIB_India) July 30, 2025 One of the core pillars of this transformation is the integration of India Post's systems with major national digital commerce ecosystems. According to officials, the Open Network for Digital Commerce (ONDC) will enable wallet-based prepaid bookings, centralised order tracking, and automated reconciliation with ONDC's accounting systems. Through its collaboration with the Government e-Marketplace (GeM), India Post will provide API-driven automated pricing and centralised dashboards for payment tracking and cash-on-delivery (COD) settlements, they said. Union Minister of State for Communications Chandra Sekhar Pemmasani, on Tuesday, chaired a high-level review of the mail operations, parcel operations, and business strategy divisions of the Department of Posts. "These enhancements must enable India Post to offer seamless, end-to-end logistics services comparable to those of leading market players," Pemmasani said while addressing the briefing. "India Post's unmatched physical footprint must now be complemented by cutting-edge digital capabilities. This transformation is about scale, speed, and service for every Indian -- from the remotest village to the busiest metropolitan area," he added. India Post is currently undergoing a comprehensive, technology-driven transformation under the IT 2.0 framework. This initiative is part of a strategic roadmap aimed at positioning India Post as a strong competitor in the logistics industry, especially in the rapidly expanding e-commerce parcel delivery sector. To drive this transformation, India Post has on-boarded a dedicated data analytics team working with IT 2.0 to enhance operational efficiency through route optimisation, smart sorting, and demand forecasting. The focus is also on data-driven revenue generation, positioning India Post as a modern logistics force aligned with India's digital economy vision, the official statement added.
Yahoo
07-02-2025
- Business
- Yahoo
United Fintech buys Norway's Commercial Banking Applications
Digital transformation platform United Fintech has fully acquired Commercial Banking Applications (CBA), a Norwegian banking technology provider known for its API-driven trade finance and payments solutions. This acquisition marks United Fintech's foray into the commercial banking sector. The deal was supported by equity and debt funding from current investors, including BNP Paribas, Citi, Danske Bank, and Standard Chartered. CBA's network spans leading banks in Europe and Asia, with ABN AMRO as a notable customer. The integration of CBA's technology is set to bolster United Fintech's capabilities in aiding financial institutions with their digital transformation journeys. CBA's specialisation in API-based banking technology, now combined with United Fintech's global presence, aims to drive operational efficiencies for financial institutions. Notably, 15% of the total acquisition consideration has been reinvested into United Fintech shares. According to United Fintech, this reinvestment signifies the employees' dedication to United Fintech's long-term goals and a collective effort to foster innovation in commercial banking technology. The partnership is designed to leverage the combined expertise of both entities and scale solutions across the global financial industry. United Fintech founder and CEO Christian Frahm said: "We are thrilled to welcome CBA into the United Fintech family. CBA has a proven track record of delivering innovative, high-quality solutions that help banks optimize their operations. 'Their technology perfectly complements our vision of building a comprehensive digital ecosystem for financial institutions. "With CBA's talented team and industry-leading expertise, we are well-positioned to strengthen our digital commercial banking roadmap." "United Fintech buys Norway's Commercial Banking Applications" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
05-02-2025
- Business
- Yahoo
United Fintech buys Norway's Commercial Banking Applications
Digital transformation platform United Fintech has fully acquired Commercial Banking Applications (CBA), a Norwegian banking technology provider known for its API-driven trade finance and payments solutions. This acquisition marks United Fintech's foray into the commercial banking sector. The deal was supported by equity and debt funding from current investors, including BNP Paribas, Citi, Danske Bank, and Standard Chartered. CBA's network spans leading banks in Europe and Asia, with ABN AMRO as a notable customer. The integration of CBA's technology is set to bolster United Fintech's capabilities in aiding financial institutions with their digital transformation journeys. CBA's specialisation in API-based banking technology, now combined with United Fintech's global presence, aims to drive operational efficiencies for financial institutions. Notably, 15% of the total acquisition consideration has been reinvested into United Fintech shares. According to United Fintech, this reinvestment signifies the employees' dedication to United Fintech's long-term goals and a collective effort to foster innovation in commercial banking technology. The partnership is designed to leverage the combined expertise of both entities and scale solutions across the global financial industry. United Fintech founder and CEO Christian Frahm said: "We are thrilled to welcome CBA into the United Fintech family. CBA has a proven track record of delivering innovative, high-quality solutions that help banks optimize their operations. 'Their technology perfectly complements our vision of building a comprehensive digital ecosystem for financial institutions. "With CBA's talented team and industry-leading expertise, we are well-positioned to strengthen our digital commercial banking roadmap." "United Fintech buys Norway's Commercial Banking Applications" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
