Categories: Banking

YES Bank launches ‘SMS Pay’ on POS Terminals

YES Bank launches ‘SMS Pay’ on POS TerminalsYES Bank launches ‘SMS Pay’ on POS Terminals

Private lender YES Bank has launched an ‘SMS Pay’ functionality on POS terminals, which would allow merchants to accept contactless and remote payments from their customers. YES Bank has collaborated with French payment services company Worldline to launch the new facility.

Boost your General Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | SBI Clerk Mains & RBI Assistant Mains Exams

About SMS Pay:

  • SMS Pay will facilitate merchants to accept remote payments on their POS machines and enable their customers to transact safely without leaving the comfort of their homes.
  • Through SMS Pay, local merchants & department stores could request payments from their customers by entering their contact details in the POS terminal following which an SMS would be triggered to the customer’s mobile number instantly, with a payment URL link.
  • Customers can complete the payment through their domestic debit and credit cards.

Important takeaways for all competitive exams:

  • YES Bank MD & CEO: Prashant Kumar.
  • YES Bank Founder: Rana Kapoor.
  • YES Bank Founded: 2004.
  • YES Bank Headquarters: Mumbai, Maharashtra.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Leave a Comment
Share
Published by
Sumit Arora
4 years ago

Recent Posts

Which is the Largest District of Jammu and Kashmir by Area?

Jammu and Kashmir is a beautiful region in northern India known for its snow-covered mountains,…

14 hours ago

Why Balochistan Wants Freedom from Pakistan?

Balochistan, the largest and resource-rich yet least developed province of Pakistan, has long been a…

14 hours ago

Top-10 Highest-Paid Athletes in the World in 2025, Know the Names

In 2025, some of the world's top athletes are earning huge amounts of money through…

16 hours ago

India Shines at Archery World Cup 2025 with 7 Medals

India delivered a stellar performance at the Archery World Cup Stage 2 held in Shanghai,…

16 hours ago

Cabinet Approves Rs 3,706 Cr HCL-Foxconn Chip Plant in Jewar

In a significant push towards self-reliance in semiconductor manufacturing, the Union Cabinet has approved a…

16 hours ago

Centre Allocates 2.8 Million Tonnes More FCI Rice for Ethanol

In a significant move to accelerate its clean energy transition, the Government of India has…

16 hours ago