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YES Bank in Partnership with Neokred Technologies Launched ‘YES BANK Neokred Card’, a Co-Branded Prepaid Card

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Yes Bank launches co-branded prepaid cardOn November 17, 2020 YES Bank launched ‘YES BANK Neokred Card’, a Co-Branded Prepaid Card in partnership with Neokred Technologies to encourage cashless payments. The prepaid card will be offered to the corporate partners of Neokred across various sectors including, HealthCare, Financial Institutions, Oil companies, NBFCs(Nonbank financial companies)Educational Institutions, FMCG(Fast-Moving Consumer Goods) and Infrastructure.

Points to be Noted

The card offerings can be personalized to suit the needs of companies looking for salary cards or expense cards for their employees

Key Info

  • The ‘YES BANK Neokred Card’ can be used for spends and also be for withdrawing cash at ATMs(Automated Teller Machines)
  • Neokred offers a wide range of customised benefits like cashback on spends, rewards, instant discounts among others .

Key Benefits of ‘YES BANK Neokred Card’ 

Easy Enrolment & Fast Transaction

The card offers easy enrolment without the requirement to open a bank account.

It offers fast transaction processing through secure security platforms

Expenditures can be Overviewed

The card offers a facility to overview expenditures with real time visibility,

Convenient to users & Simple Payment

  • The card users will get access to the Mobile application to check the balance and last translation. This proves to be convenient to users.
  • It provides customers with a simple and efficient payment solution on general purpose reloadable cards

Reduce cash transaction 

The card minimises the cash transaction and also eliminates the inconvenience of carrying loose changes.

Recent Related News:

On April 21, 2020 The Leading forex and payment solutions provider Transcorp International Limited (TIL), a 25 year old BSE-listed company becomes the 1st non-bank company to receive Reserve Bank of India (RBI) nod to enter into co-branding arrangements for prepaid Instruments to be used in over 35 lakh stores and online gateways due to the current outbreak of COVID-19 pandemic.

About YES Bank:
HeadQuarters– Mumbai, Maharashtra
Managing Director(MD) and Chief Executive Officer(CEO)–  Prashant Kumar
Incepted– 2004
Tagline– Experience our expertise