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YES Bank in Partnership with Worldline Launches SMS Pay Functionality on PoS Terminals for Merchants to accept Remote Payments

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YES Bank launches remote payment service for merchantsOn November 26, 2020 YES Bank in partnership with Worldline launched SMS Pay functionality on PoS(Point of Sale) Terminals. This allows merchants to accept contactless and remote payments from their customers and also enables customers to transact safely.

Note

This initiative is in accordance with the commitment of YES Bank to support small and medium businesses to restart their businesses while providing safety to their customers.

Key Info

SMS Pay provides an alternative channel of payment acceptance for the merchants at zero incremental cost.

SMS Pay functionality on PoS(Point of Sale) Terminal:

Platform Created

Through this initiative a simple and secure platform is created for shopkeepers and merchants including local kirana stores & departmental stores.

Request Payments against invoices

It enables the shopkeepers and merchants to request payments against invoices by  entering the amount and contact details of customers on their POS machines,

Customer Pay with a Payment Link

An SMS is sent to the mobile number of the customers with a payment link, enabling them to pay safely through their domestic debit and credit cards.

Dual Benefit to Merchants:

  • SMS Pay helps the business to enhance itself by providing dual benefit to the merchants.
  • The benefit includes, enabling the merchants to make payments remotely  and provide safety and convenience to their customers.

Recent Related News:

BOB Financial Solutions Limited partnered with Innoviti Payment Solutions Pvt. Ltd to launch New Credit Card Equated Monthly Installments(EMI) offering on Point of Sale(POS) terminals.

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

About Worldline:
HeadQuarters–  Bezons, France
Chairman of the Board of Directors and Chief Executive Officer(CEO)– Gilles Grapinet
Managing Director, Worldline South Asia and Middle East– Deepak Chandnani