YES BANK proudly announced the launch of YES PAY EASY, a transformative mobile application designed to assist small-scale merchants like traders, retailers, and professionals, in receiving instant cashless payments. This revolutionary app is backed by Mastercard and Worldline India and empowers merchants to facilitate transactions through various digital methods such as Bharat QR, Tap-On-Phone, and SMS Pay.
YES PAY EASY comes with advanced features to help merchants perform multiple activities. They can easily accept payments through different modes, promptly share digital receipts with their customers, and generate reconciliation reports with a simple click. Moreover, the app’s ‘Khata’ feature allows them to track outstanding payments and send reminders to their customers.
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The app is targeted at any individual or sole proprietor holding a valid business license and a current or savings account with YES BANK. It ensures a straightforward onboarding process with DIY mode and integrated intelligence-based guidance.
Catering to diverse regions, YES PAY EASY supports eight languages: English, Hindi, Marathi, Gujarati, Tamil, Kannada, Telugu, and Bengali. Its usage cost for merchants significantly undercuts that of a standard POS terminal.
Mr. Rajan Pental, Executive Director at YES BANK, during the app’s launch, expressed the bank’s commitment to facilitating a shift towards a digitally empowered economy. He believes the new app aligns with the Government’s Digital India vision and provides merchants with a comprehensive solution for all business-related needs.
Worldline India’s CEO, Mr. Ramesh Narasimhan, highlighted their commitment to developing innovative products. He affirmed that YES PAY EASY revolutionizes how merchants can accept payments and efficiently manage their business transactions.
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Mr. Gautam Aggarwal, Division President – South Asia, Mastercard, echoed similar sentiments. He emphasized Mastercard’s focus on financial inclusion for micro-merchants and lauded YES PAY EASY as a low-cost, effective payment acceptance solution.
YES PAY EASY brings a host of benefits to its users, from accepting payments through multiple digital modes to tracking pending payments, reconciliation reports generation, and facilitating cash transactions record within the app.
This news piece is based on an article from Passionate In Marketing.
