Mumbai, October 22, 2019:  YES BANK, India’s fourth largest private sector bank, won the DigiDhan Mission Digital Payments Award 2018-19 for‘Overall Performance in Digital Payments’ at the MeitY Startup Summit 2019 held in Delhi today. The award was presented by Chief Guest, Shri Ravi Shankar Prasad, Minister of Communication, Electronics & IT and Law & Justice.

Commenting on the recognition, Ritesh Pai, Chief Digital Officer, YES BANK said “The prestigious recognition from the Ministry of Electronics and Information Technology (MeitY), is a testament to the Bank’s leadership in the Digital Payments space, backed by robust innovation and technology frameworks. YES BANK is proud to be at the forefront of innovations by bringing futuristic technologies to the present banking system and redefining customer experience.”

YES BANK will continue to contextualize digital payments across retail and corporate customers and fuel the transaction growth using payment technologies such as UPI, IMPS, AEPS, NETC and NCMC. As tools like Aadhaar and Digital locker evolve, the Bank shall also focus on creating a paperless, fully digital banking experience to retail customers. The Bank is also expanding geographies into rural areas to reach the hitherto unbanked and under banked through various initiatives with the State Governments.