Categories: Banking

Yes bank tie-up with VISA to offer credit cards

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.

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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.

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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.