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Yes Bank strengthens on launching ‘SIMsePAY‘

01 Dec 2016 Evaluate

Yes Bank is currently trading at Rs. 1173.15, up by 1.75 points or 0.15% from its previous closing of Rs. 1171.40 on the BSE.

The scrip opened at Rs. 1177.00 and has touched a high and low of Rs. 1184.75 and Rs. 1162.20 respectively. So far 1,27,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1450.00 on 07-Sep-2016 and a 52 week low of Rs. 632.25 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 1184.75 and Rs. 1124.05 respectively. The current market cap of the company is Rs. 49,576.00 crore.

The promoters holding in the company stood at 21.85%, while Institutions and Non-Institutions held 65.77% and 12.38% respectively.

Yes Bank has launched SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smart phones or Internet. The offering is based on a frugal ‘sim-sleeve’ technology, in association with Taisys Technologies, who holds global patent for the same and has implemented the same successfully in other countries including Kenya and China.

The Bank has launched the services with the District Co-operative Bank, Dehradun and subsequently plans to launch it across the country. The pilot launch takes place against the backdrop of the Government's digital payments drive and is a part of Yes Bank’s ongoing efforts to broad base the Digital Payments infrastructure in India and also complements the Bank's extensive bouquet of state of the art digital offerings as a leader in technology and innovation in the banking sector.

Most mobile banking services like wallets, chat bots and other apps can be used only on Smart phones which are Internet enabled. As per industry estimates, of the over 900 million mobile phones in India, only around 220 million phones are smart phones (less than half of these are Internet enabled).


Yes Bank Share Price

20.20 0.25 (1.25%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
View more..

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