News stories featuring Yes Bank:
October 28th, 2016
India’s Yes Bank is to integrate ToneTag’s sound-based contactless payments system into its Yes Pay mobile wallet, The Economic Times reports. ToneTag uses sound waves instead of NFC to connect a smartphone, that has a mobile wallet app installed, with a POS device, allowing owners to make contactless payments. “We are bullish about our alliance as we continue to strive in making payments seamless for end users,” says Ritesh Pai from Yes Bank.
October 27th, 2016
Iris scanning technology has overtaken fingerprinting as the biometric security measure most UK consumers would consider using, with more than a third saying they would be more likely to use a bank that offers biometric…
October 18th, 2016
India’s Yes Bank has partnered with Lastmile.mobi to develop a biometric point-of-sale terminal using iris scanning technology. The Iris EMV PoS integrates card payments with the Indian government’s Aadhaar identity project’s electronic know your own customer (E-KYC) and E-signing systems. Yes Bank senior president Ritesh Pai said the device “has multiple uses for both retail and corporate customers right from e-KYC verification and ATM functionalities to disbursal of small loans to merchants”.
February 18th, 2016
Customers of India’s Yes Bank can now make mobile payments using sound-based technology from Ultracash Technologies. “Ultracash will now be issuing Yes Bank branded digital wallets to consumers,” Ultracash says. Ultracash was launched in October 2015 with support from close to 500 merchants. It now claims to have more than 60,000 active app users and 1,000 supporting merchants.
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