FidyPay, a fintech API platform, partnered with Yes Bank to push financial inclusion.
The partnership will facilitate a seamless linked banking experience to the Yes Bank customers. Moreover, to bring better financial inclusion, it will provide digital access to a broader range of firms, including SMEs, Fintechs, and startups.
FidyPay is reportedly focusing to cater to 10 million SMEs, MSMEs through such banking alliances. Moreover, the company is also targeting a widespread network of government channels acquired by Yes Bank over the years,
With this partnership, the fintech firm will strengthen its existing product line. “We are focusing on multiple use cases such as UPI, API banking, prepaid cards, eRUPI, etc,” the company said.
Manan Dixit, Founder & CEO, FidyPay, said, “Yes Bank has been developing significant digital-first strategies for MSMEs and SMEs. With our connected banking solutions, we are looking forward to cater to a larger audience.”
Also Read: YES BANK launches Agri Infinity program to enable food and agritech startups
Ajay Rajan, Country Head, Transaction Banking Group, Yes Bank, said “This partnership will help us make banking more inclusive and more accessible to the growing consumer base.”
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
