Yes Bank has partnered with UDMA Technologies to launched its digital wallet solution ‘Yuva Pay’ mobile app. Through this app, the bank enables contactless payments for its customers. With the help of the app, customers can pay their utility bills (including municipal, house, water tax, electricity, LPG, DTH, Mobile bill, license fees), make insurance renewals, FASTag recharges, EMI payments, and use the app to make payments at retail outlets.
Besides, insurance renewal, fastag recharge, EMI payment, school fee can be paid through the facility. The program also aims to make low-income groups transition to digital and contactless transactions by enabling wider access to secure electronic payment services. Yuva Pay will also double up as a banking app for funds transfer, account balance check, recharges or top-ups, bill payments and rewards platform.
Important takeaways for all competitive exams:
- Yes Bank Headquarters: Mumbai, Maharashtra.
- Yes Bank MD & CEO: Prashant Kumar.
- Yes Bank Tagline: Experience our Expertise.
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