New Delhi, August 1, 2017: YES BANK, India’s fifth largest private sector Bank, was awarded the ‘Best Digital Payments System by Banks for Smart Cities’ during the Smart City Conclave Chandigarh on 29th July 2017. The felicitation was done by Smt. Asha Kumari Jaswal, Hon’ble Mayor of Chandigarh in presence of Mr. Anurag Aggarwal, Home Secretary of Chandigarh.
Commenting on the importance of Smart Cities, Mr. Rana Kapoor, MD & CEO, YES BANK and Chairman, YES Global Institute said, “Developing globally competitive and vibrant Smart Cities will uplift the country’s economic prospects and enhance quality of life for our citizens. Massive infrastructure investment for these Smart Cities will serve as a major plank for business generation, job creation and improved urban-rural synergy.”
YES BANK has been a pioneer is creating Digital Payments ecosystem for Smart Cities, and is helping Smart Cities like Nashik, Udaipur & Puducherry in their journey towards becoming a ‘Less Cash’ driven Economy. In Nashik & Udaipur, YES BANK is automating the delivery of Government’s services to citizens by the way of automating the CFC, and coming up with a mobility app linked to an open loop ‘Rupay’ Prepaid card for the residents and merchants for making day to day payments. In Puducherry, YES BANK will launch an open loop ‘Rupay’ prepaid card with the Tourism Development Corporation.
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.
For more information, please visit the Bank’s website at http://www.yesbank.in/