Categories: Banking

YES 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
6 years ago

Recent Posts

Asian Games 2026 Day 1: India’s Results and Medal Tracker

India's campaign at the Asian Games 2026 kick-off in Aichi-Nagoya in Japan, on the first…

4 hours ago

Weekly Current Affairs One Liners (14th September to 20th September, 2026)

Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…

5 hours ago

Which Indian State Has the Most GI-Tagged Textiles?

Tamil Nadu has the highest number of registered GI-tagged textile and handloom items compared to…

1 day ago

Alfred Tyrone Cooke, 1965 War Hero and Vir Chakra Awardee, Dies

Flight Lieutenant Alfred Tyrone Cooke, a highly decorated veteran of Indian Air Force and a…

1 day ago

Tulu Gets Second Additional Administrative Language Status in Karnataka

The Karnataka state government has made the Tulu as the second additional administrative language of…

1 day ago

Tamil Nadu Gold Ring Scheme 2026: Date, Eligibility and Key Details

Tamil Nadu Chief Minister C Joseph Vijay will inaugurate the state's scheme of providing gold…

1 day ago