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Yes Bank ties-up with Amazon Pay, AWS to offer UPI services

NEW DELHI: Certainly Bank on Thursday reported it has collaborated with Amazon Shell out and Amazon Net Products and services (AWS) to provide clients instantaneous payment procedure by using Unified Payment Interface (UPI).

The integration will help Amazon Shell out to problem UPI IDs with the @yapl take care of and let prospects to make safe, speedy and effortless payments, the lender mentioned in its assertion.

“The collaboration with Amazon Pay and AWS marks one more milestone for Certainly Lender, amongst the market leaders in UPI payments. In FY2020-21, Sure Financial institution recorded a market place share of about 40% by quantity in the UPI ecosystem and close to 30% by quantity in the UPI service provider attaining small business,” the non-public sector loan provider claimed.

Sure Bank will be in a position to purchase retailers via the Amazon Fork out system, encouraging it grow its presence in the UPI service provider business segment.

“…Yes Financial institution is happy to announce its partnership with Amazon Pay and AWS. With this collaboration, we will be ready to offer our consumers additional control, overall flexibility and preference for a vast assortment of purchases and peer-to-peer transactions – by way of UPI-primarily based payments,” stated Prashant Kumar, controlling director and chief govt, Certainly Lender.

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