News Post

Yes Bank’s Monthly UPI Txns Surge To 50 Lakh Post Paytm Deal

Yes Bank's monthly Unified Payments Interface (UPI) transactions have increased by more than half since forming a partnership with Paytm last month. Yes Bank's managing director and CEO, Prashant Kumar, revealed that the bank's monthly UPI transactions have risen from 3.3 million to 5 million since the collaboration. The deal was struck on 15 March, the same day the Reserve Bank of India imposed curbs on Paytm Payments Bank. Kumar also mentioned that Yes Bank is responsible for over half of the total merchant UPI transactions and may explore cross-selling products to them in the future.