“Innovation for Payments in India” - UPI and Sim Se Pay (#Mobile Payments) Qorus Banking Innovation Awards 2018

Furthering the UPI Ecosystem- Key Highlights : World’s Most Sophisticated Public Payments System. YES BANK has one of the most successful UPI implementations in the industry. We have partnered with clients across various industries such as e-commerce, mutual funds, broking, NBFC, travel etc. for providing a seamless mode of mobile payments from consumers through the Unified Payments Interface. The solution is expected to reduce transaction processing time, make transactions cheaper and provide mobile-optimised experience and can be integrated with clients’ various internal systems through API. YES BANK’s APIs are built in a simple, seamless manner and allow partners to innovate and build solutions on top of these APIs in quick time. Furthering Financial Inclusion- SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smart phones or internet. The offering is based on a frugal “sim-sleeve” technology, in association with Taisys Technologies, who holds global patent for the same, and has implemented the same successfully in other countries including Kenya and China.