Sun, Aug 20, 2017 | updated 03:47 AM IST

Yes Bank launches digital wallet 'Yes Pay' across Android, iOS platforms

Updated: Aug 29, 2016 16:46 IST      
Yes Bank launches digital wallet 'Yes Pay' across Android, iOS platforms

New Delhi [India], Aug 29 (ANI): India's fifth largest private sector bank Yes Bank has announced the launch of 'Yes Pay', a digital wallet across Android and iOS mobile platforms.

As a new development in the realm of digital payments, Yes Pay is also built as a Facebook app. The fact that the wallet can be accessed through Facebook without any additional registration, Yes Pay has now empowered all social media and Smartphone users to be money-wise.

Apart from mobile recharge and bill payment which are the key offerings for most digital wallets in India, Yes Pay also features functionalities that allow both 'users' and 'non users' to send and receive money.

"Our wallet does not require that both the transacting parties be registered on the wallet. That brings to fore immense possibilities. Think of a businessman who is registered on YES PAY. He can now request payment from clients remotely," said Senior President and Country Head Digital Banking at Yes Bank, Ritesh Pai.

"The client gets a link via SMS and payment can be made using card or net-banking. All of this, for nothing that is billed to the businessman and that is where we take Wallet Platform to Corporate Clients as well," added Ritesh Pai.

As a pilot, Yes Pay wallet was made available on app-stores, witnessing more than four lakh transactions conducted by 25,000 early adopters in a span of 100 days. Yes Pay has partnered with aggregators and merchants like PayU, Euronet, CouponDunia, One Assist and Witty Gift to enable users of Yes Pay to access exciting discount vouchers, coupons, avail handset insurance and also download latest music.

A digital wallet gains relevance with increasing merchants who begin accepting payments from the wallet. To that end, Yes Pay has been integrated by Cafe Coffee Day to accept cashless payments at their outlets. Yes Pay has also forged an alliance with QuikWallet and ToneTag for seamless bill payments at thousands of restaurants and retail outlets with innovative technologies such as NFC, QR code scans and sound based authentication.

"As a beginner, a virtual MasterCard will be issued to every Yes Pay user who currently does not have any means to transact on the online websites or mobile apps. The much awaited UPI payments introduced by NPCI would soon be a part of the Yes Pay wallet. With innovations such as these, coupled with the increasing penetration in smart phones and internet usage, the wallet industry is something that can make a big impact on the way Digital Natives of the nation will transact in the days to come," added Ritesh. (ANI)

RBI Governor urges time-bound resolution of stressed assets

Updated: Aug 19, 2017 15:45 IST     

New Delhi [India], Aug 19 (ANI): Reserve Bank of India (RBI) Governor Urjit Patel on Saturday noted that given the current position of public sector banks, time-bound resolution of stressed assets is crucial, in order to facilitate resolution of stressed assets and reallocate capital.

Full Story >>

New Delhi [India], Aug.19 (ANI): Baldeo Bhai Sharma, Chairman, National Book Trust (NBT), today underlined the importance of nurturing creativity and innovation in children at an early age for the economic and spiritual development of the nation.

Full Story >>

E-Commerce industry risk review by Alea Consulting

Updated: Aug 19, 2017 15:05 IST     

New Delhi [India], August 19 (ANI-NewsVoir): In India, eCommerce accounts for 1.5 percent of India's GDP, and is likely to reach 2.5 percent by 2030. In 2016 the sector grew by 55 percent to USD 16 billion. With the increase in internet users, Indian e-Commerce industry is poised to surpass the United States and become second largest in the world, after China, by 2034.

Full Story >>

Adarsh Credit Co-operative Society ties up with Oppo Mobiles

Updated: Aug 19, 2017 14:46 IST     

New Delhi [India], August 19 (ANI-NewsVoir): Adarsh Credit Co-operative Society Ltd. tied up with OPPO mobile company for providing financial services for its advisors which will help them in providing better services through Adarsh mobile money application. The tie-up of this kind is for the first time in the co-operative sector which will help in accelerating financial inclusion in the country.

Full Story >>

Kutchina Foundation celebrates Annual Day

Updated: Aug 19, 2017 14:45 IST     

New Delhi [India], August 19 (ANI-NewsVoir): Kutchina Foundation celebrated its annual day to commemorate the outstanding contributions and efforts by the existing Krritikas in bringing about a social impact and change in the society and to introduce the new Krritikas who have been identified to be offered fellowship for their respective projects under Kutchina Krritika - an initiative to identify woman change-makers and support them. The women identified under this initiative are called 'Krritikas' as it stands for a group of stars (female Nakshatras) also known as the "Stars of Fire" and is related to a commander, foster mother, luster, glow of power, physical and creative force.

Full Story >>

New Delhi [India], Aug.19 (ANI): The Global Business Travel Association (GBTA),the voice of the global business travel industry, kicked off GBTA Conference 2017 New Delhi on Friday as part of its India Conference Series 2017.

Full Story >>

New Delhi [India], Aug 18 (ANI): The Ministry of Finance on Friday released a clarification regarding the number of taxpayers that have been added after demonetization.

Full Story >>

New Delhi [India], Aug 18 (ANI): Celebrating the occasion of world Entrepreneurship Day, ASSOCHAM (Associated Chambers of Commerce and Industry of India) on Friday bestowed Mobikwik co-founder Upasana Taku with the 'Best Woman Entrepreneur Award 2017' in the national capital.

Full Story >>

RBI introduces new Rs. 50 notes in Mahatma Gandhi series

Updated: Aug 18, 2017 19:14 IST     

New Delhi [India], Aug 18 (ANI): The Reserve Bank of India (RBI) on Friday announced circulation of new currency denomination of Rs. 50 banknotes in the Mahatma Gandhi (New) Series.

Full Story >>

New Delhi [India], Aug 18 (ANI-NewsVoir): Eminent artist, philanthropist and award winning sculptor Rouble Nagi is looking forward to welcoming and hosting international Bahraini artist from Bahrain over an evening at a multi-cultural arty affair connecting creative enthusiasts from India and Bahrain through an unparalleled programme of artist interventions.

Full Story >>

New Delhi [India], Aug 18 (ANI): An urge to share lives beyond fashion and lifestyle by the users of India's leading fashion social network, 'Roposo - TV by the People' has emerged as the home grown digital platform to explore homemade videos and photos, hands-free and full-screen browsing experience.

Full Story >>

New Delhi [India], Aug 18 (ANI): CMO Asia, an organization of Asia's top marketing executives and professionals, through their network, generate high level thought leadership and peer networking amongst decision makers across Asia. CMO Asia's National Award For Marketing Excellence was awarded to Parijat Industries on 6thJuly in Mumbai this year.

Full Story >>

New Delhi [India] August 18 (ANI): Union Minister Arun Jaitley in a letter to the State Chief Ministers, Finance Ministers written earlier today highlighted the concerns raised by the manufacturing sector in the country regarding the rise in input costs of petroleum products.

Full Story >>

Panaji (Goa) [India], Aug 18 (ANI): Le Meridien has announced hiring of Norton Pereira as the General Manager for its Goa's Calangute property.

Full Story >>

The story of Zaara Tugs at Family Ties Strings

Updated: Aug 18, 2017 15:38 IST     

New Delhi [India], Aug 18 (ANI-BusinessWireIndia): In every child, there is a story, a story never told or heard. New research has found that three out of four parents have a best loved child. Even if they do not, mere perception of bias can affect a child's emotional well-being.

Full Story >>

New Delhi [India], Aug 18 (ANI): Vishal Sikka, who resigned as the Managing Director and Chief Executive Officer of Infosys Ltd., on Friday cited that the continuous stream of distractions and disruptions are among the main reasons behind his dec

Full Story >>

New Delhi [India], Aug 18 (ANI): True Balance, India's leading mobile balance management service app unveiled interesting features on its new version which enables users to manage, recharge and earn their rewards all in one go.

Full Story >>

New Delhi [India], Aug 18 (ANI): The latest OLA film 'Farak Padta Hai' campaign explores the youth of today who are more concerned about the future of the country, and want to work towards solving real issues like growing congestion and pollution in our cities.

Full Story >>

New Delhi [India], Aug 18 (ANI-NewsVoir): Home buying journey today is not as cumbersome as it was a decade ago. Homeseekers were completely dependent on brokers and personal connect, however with evolved needs and technological advancements, one can now access information at the touch of their fingertips. With the introduction of mobile apps like Magicbricks - the process has become much simpler.

Full Story >>

Kerala Tourism organizes a roadshow in Gurugram

Updated: Aug 18, 2017 13:54 IST     

New Delhi [India], Aug 18 (ANI-NewsVoir): Kerala Tourism, with its year-long marketing activity campaign which commences with the summer campaign that lures summer travellers from the month of April to September, reached out to the tourism industry players in Gurugram on Thursday, 17th August, with its revamped fare on showcase which includes a selection of new tourism products.

Full Story >>