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.”
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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.”
