*_India Post Payments Bank (IPPB) Honored with Digital Payments Award 2024-25_* *Why in News:* IPPB has been awarded the Digital Payments Award 2024-25 for its outstanding contribution to promoting digital payments and financial inclusion in India. *Key Highlights:* * *Award Recognition* : IPPB received the prestigious Digital Payments Award 2024-25 from the Department of Financial Services (DFS), Ministry of Finance. * *Award Presentation* : The award was presented by Union Minister Nirmala Sitharaman and Pankaj Chaudhary, MoS (Finance), and was received by R. Viswesvaran, MD & CEO, IPPB, at a ceremony in New Delhi. * *IPPB’s Performance* : IPPB ranked 1st among Payments Banks in India in the Performance Index for the Financial Year 2024–25 and received a ‘Special Mention’ award for 2023-24. * *IPPB*: It was launched on September 1, 2018, is 100% owned by the Government of India under the Department of Posts.