Thursday, March 28, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsBFSIIndian fintech major FidyPay ties-up with Yes Bank to bring better financial inclusion

Indian fintech major FidyPay ties-up with Yes Bank to bring better financial inclusion

Follow Tech Observer on Google News

As part of the alliance, FidyPay will be enabling a seamless connected banking experience. FidyPay will also be the solution provider for UPI services.

Google News

Financial inclusion and , FidyPay has announced its partnership with to bring a seamless connected banking experience to Yes Bank customers. The move is likely to extend the digital facilitation to a wide range of businesses, including SMEs, Fintechs, and start-ups.

As part of the alliance, FidyPay will be enabling a seamless connected banking experience. Apart from this, FidyPay will also be the solution provider for UPI services.

According to FidyPay, the company is looking forward to catering to 10 million SMEs, and through such banking collaborations as well as an extensive network of government channels which Yes Bank has acquired over the years to enable them with digital payment integrated solutions.

“Strategic alliance with Yes Bank is a significant leap for FidyPay, equipping it to cater to a wider market,” the company said. The company said it is further eyeing a deeper market penetration with this tie-up, across India.

The association will be an enabler for FidyPay to strengthen its existing product line and emerge as a trusted tech partner for banks, corporates, MSMEs, SMEs, start-ups, and more.

FidyPay said it is working with the private sector lender on multiple use cases which includes UPI, , prepaid cards, escrow accounts, PA licensing, and eRUPI, amongst others.

“At FidyPay, we are driven to create an impact within the connected banking ecosystem. Given Yes Bank's dominance in developing digital-first strategies for MSMEs and SMEs, we are looking forward to serving a larger audience with our connected banking solutions,” Manan Dixit, Founder & CEO, FidyPay said.

Meanwhile, Ajay Rajan, Country Head, Transaction Banking Group, Yes Bank said the partnership is part of the bank's overall connected banking strategy to make banking more inclusive and easily accessible to the diverse and growing consumer base.

The Indore-based FidyPay has product offerings ranging from all aspects of payment, banking, and collections, catering from retail to corporate ERP to government departments.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

How AI power struggle opens up new frontier in global geopolitics

The far-reaching influence AI has on information processing, national security, military operations, the economy, and strategic decision-making is set to reshape the geopolitical landscape and redefine the power dynamics between nations.

RELATED ARTICLES