Press Release

YES BANK awarded for Best Innovation in Corporate Banking at the Moneytech Awards 2017

Delhi, April 12, 2017: YES BANK, India’s fifth-largest private sector bank, has been recognized for Best Innovation in Corporate Banking for its unique innovation - SIMsePAY at the MoneyTech Awards 2017. MoneyTech Awards is a platform that recognises and rewards the brilliant work that companies and leaders are doing in the fintech domain around the country.

MoneyTech assessed YES BANK on parameters like innovation, user experience, ease of implementation & scalability, the solution's ability to interface with other systems and growth of the business, by a jury comprising of experienced industry professionals.

SIMsePAY is an innovative payment enabling wallet service offered by YES BANK. It enables secure mobile payments without the internet and allows customers to make payments through any mobile phone, across any telecom network, with the help of a wafer-thin sticker that may be pasted on to any type of SIM card. Before the launch of SIMsePAY, mobile banking was only available on smart phones with internet or data connectivity, while the majority of rural India remained deprived of the ‘on-the-go’ mobile banking.

Ritesh Pai, Senior President and Country Head, Digital Banking, YES BANK, said, “This award reaffirms YES BANK’s mission of being innovative and breaking technological barriers to provide superior customer experience. Through SIMsePAY, we are reaching out to the hitherto untapped, rural masses. We will continue to focus on leveraging state-of-the art technology and introduce innovative practices towards YES BANK’s vision of building the ‘Finest Quality Bank of the World in India’ by 2020.”


YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING THE FINEST QUALITY LARGE BANK OF THE WORLD IN INDIA”.

For media queries, please contact:

YES BANK Limited
Aniruddha Ghosh
Ph.: +91 11 66569073

Seekha Sanghvi
Ph.: +91-9769435842

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Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

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