Delhi, October 21, 2019: YES BANK, India’s fourth-largest private sector bank, won the Digi Dhan Mission Digital Payments Award 2018-19 for ‘Overall Performance in Digital Payments’ at the MeitY Startup Summit 2019 held in Delhi today. The award was presented by Chief Guest, Shri Ravi Shankar Prasad, Minister of Communication, Electronics & IT and Law & Justice.

Commenting on the recognition, Ritesh Pai, Chief Digital Officer, YES BANK said “The prestigious recognition from the Ministry of Electronics and Information Technology (MeitY), is a testament to the Bank’s leadership in the Digital Payments space, backed by robust innovation and technology frameworks. YES BANK is proud to be at the forefront of innovations by bringing futuristic technologies to the present banking system and redefining the customer experience.”

YES BANK will continue to contextualize digital payments across retail and corporate customers and fuel the transaction growth using payment technologies such as UPI, IMPS, AEPS, NETC and NCMC. As tools like Aadhaar and Digital locker evolve, the Bank shall also focus on creating a paperless, fully digital banking experience for retail customers. The Bank is also expanding geographies into rural areas to reach the hitherto unbanked and underbanked through various initiatives with the State Governments.

About YES BANK

YES BANK, India’s fourth-largest private sector bank is a high quality, customer-centric and service-driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full-Service Commercial Bank’ providing a complete range of products, services, and technology-driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly-owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

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