MoneyWorks4Me

Yes Bank ties up with MatchMove Pay to tap booming e-commerce market in India

08 Oct 2015 Evaluate

Yes Bank has tied up with MatchMove Pay, Asia's leading mobile payment platform provider, for a multi-dimensional strategic partnership to accelerate its expansion into the country's booming e-commerce market and revolutionize India's e-commerce and payments ecosystem.

Initially MatchMove Pay will unveil its mobile wallet platform as a service in India through the bank’s regulatory infrastructure, so offering the latter's customers an alternative online payment solution through its pre-paid virtual cards licensed by MasterCard and this will allow customers who do not own credit cards or even online banking facilities to immediately start making purchases online or in-app.

Yes Bank, India’s fifth largest private sector Bank, has a pan India presence across all 29 states and 7 Union Territories of India.

Peers
Company Name CMP
HDFC Bank 708.00
ICICI Bank 1379.15
Axis Bank 1247.50
Kotak Mahindra Bank 418.70
Indusind Bank 977.80
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