Yes Bank has tied-up with fintech startup Nearby Technologies to provide Aadhaar-enabled cardless and pinless ATM service by which customers can deposit or withdraw money. Using the PayNEARBY mobile application on a smart phone, a retailer can become an Aadhaar ATM/Aadhaar Bank branch for cash withdrawals and deposits by a customer.
PayNEARBY’s Aadhaar ATM will be available through Yes Bank and the business correspondent agent network comprising 40,000 touch points.
Yes Bank is India’s fifth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India.
