Yes Bank, India’s fifth-largest private sector bank, has been recognized for Best Innovation in Corporate Banking for its unique innovation - SIMsePAY at the MoneyTech Awards 2017. MoneyTech Awards is a platform that recognises and rewards the brilliant work that companies and leaders are doing in the fintech domain around the country.
MoneyTech assessed Yes Bank on parameters like innovation, user experience, ease of implementation & scalability, the solution's ability to interface with other systems and growth of the business, by a jury comprising of experienced industry professionals. Furthermore, SIMsePAY is an innovative payment enabling wallet service offered by Yes Bank. It enables secure mobile payments without the internet and allows customers to make payment to any mobile phone, without a SIM card or any network restriction. Before the launch of SIMsePAY, mobile banking was only available on smart phones with internet or data connectivity, while the majority of rural India remained deprived of the ‘on-the-go’ mobile banking.
