Yes Bank strengthens on tying-up with UltraCash Technologies to launch payments service

Yes Bank Ltd. | Bank - Private | BFSI | BSE: 532648 | NSE: YESBANK

18 Feb 2016 Evaluate

Yes Bank is currently trading at Rs. 723.75, up by 2.90 points or 0.40% from its previous closing of Rs. 720.85 on the BSE.

The scrip opened at Rs. 729.90 and has touched a high and low of Rs. 735.90 and Rs. 714.65 respectively. So far 1,34,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 910.00 on 04-Mar-2015 and a 52 week low of Rs. 590.00 on 24-Aug-2015.

Last one week high and low of the scrip stood at Rs. 760.90 and Rs. 692.05 respectively. The current market cap of the company is Rs. 30,347.00 crore.

The promoters holding in the company stood at 21.96% while Institutions and Non-Institutions held 64.94% and 13.09% respectively.

Yes Bank has tied up with UltraCash Technologies to launch payments processing through sound waves. This partnership will enable Ultracash to issue Yes Bank sponsored mobile wallets and employ YES BANK’s IMPS payments platform to enable processing of instant proximity transactions. Ultracash utilizes a patent-pending technology, where payment data is securely transferred from one device to the other using unique ultra high frequency sound waves. This technology ensures that Ultracash’s ‘Tap and Pay’ works on all devices and doesn’t need any special hardware to make the payment and there is no need of special NFC chips.

UltraCash’s sound wave technology enables mobile payments to be done without the need for Internet connectivity using any of the options, such as bank accounts and cards. Besides, UltraCash will issue YES Bank-branded digital wallets to consumers to aid quicker, seamless and friction-free payments.

Yes Bank is a new age private sector bank. The bank offers a full-range of client-focused corporate banking services, including working capital finance, specialized corporate finance, trade and transactional services, treasury risk management services, investment banking solutions etc.

Yes Bank Share Price

22.93 0.41 (1.82%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	781.20
ICICI Bank	1264.80
Axis Bank	1269.40
Kotak Mahindra Bank	380.75
Indusind Bank	949.85
View more..

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