India’s First UPI Based Mobile Payment Application
Building on the strengths of YES BANK’s banking innovations, YES Bank has partnered with PhonePe to flag off the UPI-based payments revolution in India.
PhonePe has integrated YES Bank's UPI APIs which allows its users to link their bank accounts securely to their smart phone using NPCI’s encrypted libraries. Once linked, users can authorize money transfers or merchant payments instantly by simply entering their 4-6 digit MPIN. Money is instantly transferred directly from the sender’s bank account to the recipient’s bank account. There’s no need to enter an OTP to authorize a transaction anymore. A transaction takes less than 10 seconds to complete.