Yes Bank, India’s 5th largest private sector bank, has tied up with Taisys Technologies to strengthen its mobile money banking business.
Taisys India and Yes Bank will work together on a platform to issue mobile banking SIM, enabling mobile phone users to benefit from secured fund transfer, wallet transfer, merchant payment, VAS payments across smartphones and feature phones. Taisys India will be integrating Taisys m-Banking platform with Yes Bank Money.
“Taisys’ solution eliminates investment in further infrastructure for digitizing mobile banking in rural and urban India and it will drastically help accelerate the digitalization of the country,” said Taisys Chairman Jason Ho.
Recently, Taisys Technologies has set up its Indian operation and R&D center to tap the growing Indian mobile banking market.
Alliance between Yes Bank and Taisys will deliver mobile payment services to the Indian market with 800+ million mobile subscribers.