In a bid to enhance its digital banking feat private Sector lender YES BANK has partnered with BonusHub.
This joint venture will enable the bank in initiating acceptance of UPI, BHIM and multiple mobile wallets including YES Pay, Idea Money, Jio Money, mPesa, Ola Money, Citrus, Airtel Money, Freecharge and Oxigen on its Point-Of-Sale Terminals across its the network of merchants to facilitate cashless payments for consumers.Thus, the facility to conveniently perform transactions directly at the merchant stores with the help of UPI apps and mobile wallets will boost digital payments to a larger extent.
”Given our commitment to be the leader in digital payments and support the initiatives of RBI for making digital payments readily acceptable across the evolving payments ecosystem, we are thrilled to partner with BonusHub,” said Pralay Mondal, Country Head, Retail & Business Banking at Yes Bank.
“This partnership will go a long way in not only empowering Yes Bank merchants to overcome the current challenges in the cash only world, but also ensure that YES BANK remains technologically nimble and able to adapt to new emerging payment modes in future as well, thereby keeping its merchants ahead in an increasingly competitive market through smarter POS solutions. We will soon be launching Bharat QR on BonusHub to further this initiative,” he added.