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YES Money

A pioneer amongst Domestic Remittance platforms across India

YES Money

Overview

YES BANK has tied up with various partners as Business Correspondents and leverages their existing retail shops, telecom connectivity and banking infrastructure to extend branchless banking services to a common man and facilitate a Remittance Service closer to home, effectively at anytime of the day and most important, into any bank across the country.

YES Money is YES BANK’s Domestic Remittance Service which is leveraging the existing technologies and infrastructure designed to meet the remittance need of migrants, unbanked and under-banked population in India. This product design brings technology to the end user through the Business Correspondent Agents and simultaneously ensures a technology oblivious experience for the end user

YES Money Offers:

  1. Domestic Remittance

    • Deposit cash to ANY bank account at ANY time of the day from over 40,000 agents across more than 1500 cities instantly

    • Instant Aadhaar based e-KYC registration

    • Instant Money transfer for ANY customer at ANY time

  2. YES Money Prepaid Cards

    • Withdraw cash from all ATMs

    • Load, Reload & Transfer money at over 40,000 locations

    • Purchase goods from over 10 lakh Online and POS stores

  3. YES BANK Money-Business Correspondents

    The appointed Business Correspondents for YES BANK Money are as follows:

    • Suvidhaa Infoserve Pvt. Ltd.

    • Oxigen Services Pvt. Ltd.

    • Hermes i-Tickets Ltd.

    • Eko India Financial Services Ltd.

    • Payworld (Sugal and Damani)

    • Reliance Money Infrastructure Ltd.

    • Easy Bill Ltd. (Hero Group)

    • Multilink MOS Utility Pvt. Ltd.

    • Paypoint India Network Pvt. Ltd

    • ITZ Cash Ltd.

    • 11. Beam Money Pvt Ltd.

    • Seed Financial Services Pvt. Ltd.

    • mPurse Services Pvt. Ltd. (Infotel Group)

    • FIA Technology Services Pvt. Ltd.

    • Spice Digital Ltd.

    • EZspend Prepaid Payment Solutions Pvt. Ltd.

    • Sollet Soft Solutions Pvt. Ltd.

    • Muthoot Finance Ltd.

    • Mannapuram Finance Ltd.

    • BASIX Sub-K iTransactions Limited

    • UFX Ventures Pvt. Ltd

    • Yatriadda (Abhishek Retail)

    • Aadharrshila Enroll Systems Pvt. Ltd.

    • Youth Card Pvt. Ltd.

    • ROI Net Solutions Pvt. Ltd.

 

YES BANK Money Awards and Accolades

YES BANK Money has also won the following awards:

  • Skoch Renaissance Award - Nurturing Creativity & Innovation 2014

  • MasterCard Payment Innovation Awards 2014 – Best Prepaid Card Program

  • Financial Inclusion & Payment Systems Award 2013

  • CIO 100 Award 2013

  • NASSCOM Social Innovation Honours 2013

  • Golden Peacock Innovative Product / Service Award 2012

  • Innovation in payments award at the Financial Insights Innovation Awards, 2012

  • Certificate of Appreciation at the NASSCOM Social Innovation Honours 2012

  • Dataquest Emerging Leaders in Business Technology 2012 at DQ Live Awards

  • Finnoviti Awards 2012 - Jury Voting and Peer Voting Awards

  • Diamond Edge Awards - Innovation - 2012

  • Computer Society Of India – Banking and Innovation – 2012

Have any other query?

Q. How much money can be transferred using YES Money Domestic Remittance?

- A. For Non-KYC senders – up to Rs. 25,000 per month - KYC Senders – Up to Rs. 2,00,000 per month

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Q. Can the beneficiary withdraw money in cash?

A. No, cash withdrawal is currently not allowed for YES Money Domestic Remittance.

VIEW ALL FAQs

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