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YES BANK awarded for ‘Best implementation of Digital Payments’ at BW Businessworld Digital India Summit & Awards 2018

May 23 2018, Delhi: YES BANK received the ‘Best Implementation of Digital Payments’ Award at the 4th edition of prestigious BW Businessworld Digital India Summit & Awards 2018, held in Delhi recently. The award was presented by Shri Nara Lokesh, Hon’ble Minister for Panchayat Raj, Rural Development, IT & Communications, Government of Andhra Pradesh and Shri Rajpal Singh Shekhawat, Hon’ble Minister for Industry, NRI, Govt. Enterprise and DMIC, Government of Rajasthan.

YES BANK has been a pioneer in implementing digital payments solutions for Smart Cities, and has helped Smart Cities like Nashik, Udaipur & Puducherry in their journey towards becoming a ‘Less Cash’ driven economy. The bank was ranked 2nd by Ministry of Electronics and Information Technology (MeitY) for its exemplary performance in Digital Payments across public, private, foreign & payment banks in India. YES BANK has always striven to create robust digital solutions for its customers and has launched industry-first solutions such as YES GST, YES MSME Mobile, YES TRANSACT Smart Trade, amongst others.

YES BANK awarded for ‘Best Implementation of Digital Payments’ at 4th BW Businessworld Digital India Summit & Awards 2018

Commenting on the recognition, Ritesh Pai, Chief Digital Officer, YES BANK said, “YES BANK has leveraged technology and innovation as mission-critical pillars, pioneering implementation of several technology initiatives in corporate and retail banking services such as Blockchain, Banking from ERP, Artificial Intelligence/Machine Learning-backed solutions, among others. We have continued to emphasize the development of innovative technologies to facilitate our business use cases, new digital models, non-traditional alliances and fintech capabilities in order to make banking simple and customer-centric. The award is a testament of YES BANK’s leadership in offering world-class, customized digital solutions to its partners, and reinforces our mission to provide forward looking, superior, holistic customer experience.”

BW Businessworld Digital India Summit & Awards, incepted in 2015, aims to recognise innovative digital products and services across industries. A total of 31 winners were selected across 15 categories by an empanelled jury that included - Alok Ranjan, Former Chief Secretary, Government of Uttar Pradesh; NSN Murthy, Partner & Leader, Smart Cities- PwC India; Dr. Lovneesh Chanana, VP- Govt. Relations, SAP and Sunil Kumar, President, BW Businessworld.

About BW Businessworld

BW Businessworld led by Mr. Anurag Batra, Chairman & Editor-in-Chief, is the fastest growing business media house in India. Its network spans across 10 niche business communities, 6 magazines and it conducts 70 of its own IP events – all of it to keep its communities meaningfully engaged with each other.


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 28 states and 9 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

For media queries, please contact:

Alisha Prakash

Jyothi Goswami

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