India’s fourth largest private sector lender YES BANK in association with the Udaipur Municipal Corporation (UMC) has introduced a comprehensive cashless payment solution for Udaipur Smart City.
This initiative will help in boosting the level of Financial Inclusion and Digital India initiatives introduced by the central government.
The project was inaugurated by Mayor of Udaipur, Chandra Singh Kothari and Sidharth Sihag, Commissioner, Udaipur Municipal Corporation and Chief Executive Officer, Udaipur Smart City Ltd.
As a part of the project, the private lender will initiate digitised payments for Government to Citizen (G2C) services as well as retail payments.
This newly launched service will allow the citizens to make instant payments via Bharat QR or BHIM UPI QR. Citizens will be able to make the payments via an exclusively Digital Wallet for them.
With this, residents of Udaipur as well as tourists will now be able to make day-to-day payments for a variety of services ranging from grocery, utility payments, transport, fees, medical expenses and entertainment using a variety of payment options such as Card payments through POS, E-Commerce or mobile payments through QR code and mobile number.
“We are pleased to partner with Udaipur Municipal Corporation to augment delivery of G2C services and fast-track merchant payments through digital payment solutions and offer enhanced convenience of financial transactions to citizens of Udaipur Smart City. With this partnership, we re-affirm our commitment to the Government’s initiative of propelling digital payments in India,” said Rana Kapoor, Managing Director and Chief Executive Office, YES BANK.
“Digital payments are the future and we are happy to join hands with YES BANK to facilitate the same for citizens of Udaipur,” said SidharthSihag, Municipal Commissioner, Udaipur Municipal Corporation and CEO, Udaipur Smart City Ltd.
State government will also be launching Udaipur Smart City Card soon. This card will help the citizens in making payments at 700 retail and government facilities at Udaipur.Rana Kapoor