Yes Bank has collaborated with Amazon Pay and Amazon Web Services (AWS) to offer customers an instant real-time payment system through a UPI transaction facility. UPI facilitates inter-bank peer-to-peer and person-to-merchant transactions through Yes Bank’s digital payments platform, and expands Yes Bank’s digital banking offerings.
The integration enables Amazon Pay to issue UPI IDs with the @yapl handle, allowing customers to make secure, fast, and convenient payments. Based on a multi-bank model, this collaboration allows Yes Bank to acquire merchants through the Amazon Pay platform.
Yes Bank CEO: Prashant Kumar