Yes Bank has partnered with Visa to offer credit cards to its customers, following the regulatory ban on Mastercard by RBI. The Visa co-branded cards come with nine credit card variants covering all segments, consumer cards, business cards, and corporate cards across YES First, YES Premia and YES Prosperity.
YES Bank earlier had an exclusive tie-up with Mastercard. However, its credit card issuances had been impacted after the Reserve Bank of India barred Mastercard from onboarding new customers on its domestic card network.
Yes Bank has achieved the transition to Visa as a payment network within a record time of fewer than 60 days, post the bank imposed on Mastercard from July 22, 2021. The private sector lender is also in the process of completing technology integration with NPCI and plans to issue Rupay branded credit cards in due course.
Important takeaways for all competitive exams:
- YES bank HQ: Mumbai, Maharashtra.
- YES bank MD & CEO: Prashant Kumar.