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YES BANK unveils BHIM YES PAY – First Wallet to Fully Integrate with IndiaStack APIs and NPCI Products

  • BHIM YES PAY is the 1st Wallet to fully integrate the India Stack APIs and National Payment Corporation of India (NPCI) Products supporting the national agenda of making India Digital

  • BHIM YES PAY now supports e-KYC, UPI, IMPS, RuPay, BBPS and BharatQR making customers’ as well as retailers’ digital journey smooth

  • Superior customer experience, hassle-free virtual card-based transactions 

Mumbai, October 30, 2017: YES BANK, India’s fifth largest private sector Bank unveiled a superior payment wallet service, BHIM YES PAY by fully integrating the application with all the IndiaStack APIs and NPCI Products. YES BANK has over 5.5 lakh registered users on BHIM YES PAY and more than 2 lakh users have already availed either UPI or Virtual Card Services to carry out P2P payments and online shopping. Since launch we have witnessed over 2 million transactions valuing close to INR 700 million.

The freshly updated application, BHIM YES PAY, which is available for Android Users and will soon be made available for iOS users, integrates three other products of National Payment Corporation of India (NPCI)– RuPay Virtual Card, BharatQR and BBPS in addition to other payment infrastructure like UPI and IMPS.

With the RuPay virtual card integrated in their BHIM YES PAY wallet, users can also utilize their wallet balance to make payments across websites and applications online, similar to how they currently use their debit cards but without the hassle of carrying one along.

BharatQR aims to eliminate the need for point-of-sale terminals by allowing users to pay using their cards simply by scanning a QR code at any retail outlet. The advantage is two-fold - customers need not carry their cards anymore and shopkeepers need not invest in point-of-sale machines to read cards at their end.

Also, with the third service, the Bharat Bill Payment Service (BBPS), a centralized one point bill payment service, BHIM YES PAY users can directly pay all their bills instantly at once, from their mobile app.

Announcing the new BHIM YES PAY, Ritesh Pai, Chief Digital Officer, YES BANK said, “We are happy to launch YES BANK’s payment wallet’s new avatar ‘BHIM YES PAY’ to mark the full-suite integration of the IndiaStack APIs and NPCI Products. The BHIM YES PAY wallet now offers unparalleled options to the users and merchants for payments in multiple use cases making it a comprehensive solution. We will soon launch FastTag too which will facilitate easy toll payments and look forward to widespread adoption of the digital payment products bolstered by superior customer experience on BHIM YES PAY.”

India Stack is a set of APIs that allows governments, businesses, startups and developers to utilize a unique digital Infrastructure to enable India to move towards presence-less, paperless, and cashless service delivery.

The BHIM YES Pay application is available for download at


YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.

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 28 states and 8 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  


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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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