YES Bank has launched an interesting service ‘YES PAYMENTS’ for the users that will enable them to make mobile payments from any location, any time without internet connectivity. Users can make use of this service irrespective of the type of mobile phone or the operator he owns.
In an era where connectivity becomes a major issue in many parts of the country, YES Bank’s service proves valuable. For YES PAYMENTS, bank has made a tie-up with TAISYS Technologies. Using the service, people can make transactions, check balance, pay bills etc.
To activate the service, users need to attach YES PAYMENTS SIM Wafer on their SIM cards. The system works with an easy-to-use interface and works on secured encrypted SMS at the back end.
“It will be done by integrating TAISYS m-Banking platform with YES MONEY platform of the Bank, which is a Domestic Remittance Service designed to meet the remittance need of migrants, unbanked and under-banked population in India,” Bank said in a statement.
“We are pleased to partner with TAISYS for this innovative payment solution which will be a significant game changer in the mobile payments space in India. We foresee millions of transactions on this system across all segments of the income pyramid which will also boost financial inclusion and reduce cash based transactions,”Mr. Rana Kapoor, Managing Director & CEO, YES BANK said.
YES Bank, India’s 5th largest private bank has made many innovations. Earlier, it introduced the Mobile Money payment solution in partnership with NOKIA. The bank will unveil its new service at the Mobile World Congress Shanghai 2015.