YES BANK announced the launch of SMS Pay functionality on POS
terminals in partnership with Worldline, enabling merchants to accept contactless and remote
payments from their customers. This initiative is in line with the Bank’s commitment to support
small and medium businesses in restarting their businesses while providing safety to their
customers. SMS Pay is a step towards facilitating merchants to accept remote payments on their
POS machines and enabling their customers to transact safely from the comfort of their homes.
Through this, a safe and simple platform is created for shopkeepers and merchants including local
kirana stores & departmental stores enabling them to request payments against invoices by simply
entering amount and customer contact details on their POS machines. Instantly an SMS is
triggered to the customer’s mobile number with a payment link, allowing them to pay securely
through their domestic debit and credit cards.
Speaking on the launch, Rajanish Prabhu, Business Head – Credit Cards and Merchant
Acquisition, YES BANK, said “In line with the Bank’s strategy of building a transformed Digital
Bank, we along with Worldline have been working on supporting our merchant partners through
innovative solutions which help them unlock their businesses in a safe and convenient manner.
SMS Pay is a simple yet convenient value addition to our merchant POS solutions and provides
an alternative channel of payment acceptance for our merchants at zero incremental cost. SMS Pay
will help in boosting business by providing merchants dual benefit of enabling them to serve
outside their vicinity as payments can be made remotely as well providing safety and convenience
to their customers.”
Speaking on the launch, Deepak Chandnani, Managing Director, Worldline South Asia and
Middle East said, “Consumers continue to increasingly prefer digital payment options over cash.
Technology enabled contactless payment solutions are the need of the hour and Worldline is in
the forefront of this emerging trend. We will continue to innovate and enhance the functionalities
of all our acquiring solutions including POS terminals in order to provide convenient, frictionless
and secure solutions for merchants as well as customers. We are pleased to extend our relationship
with our trusted partner, YES BANK to provide the SMS Pay feature for their merchants.”
Platform Benefits:
Zero contact payments
Remote & quick setup on POS terminals
Trusted and secure
Easy to operate
Simple and Instant Payment Process Flow
YES BANK POS terminals have an SMS Pay option displayed in the terminal menu
Upon selecting SMS Pay, the terminal prompts merchant to enter customer’s mobile
number and sale amount
The customer receives URL for making payment via SMS
Customer completes the payment remotely via Internet payment gateway (IPG) page
through his or her preferred mode of payment (domestic credit or debit card)
Once the payment is complete, charge slip is generated from the POS machine and
merchant can deliver goods or services
YES BANK and Worldline support merchants and communities providing remote payment solutions through SMS Pay
s:3671:"