Friday, 24 March, 2023

Yes Bank announces partnership with Amazon pay, AWS

<p>Yes Bank announced a partnership with Amazon pay and AWS. Amazon Pay&#39;s issued UPI IDs will have a @yapl handle while the bank&#39;s digital payments processing platform will be hosted on AWS. In FY 2020-21, Yes Bank recorded a market share of 40% by volume in the UPI ecosystem and around 30% by volume in the UPI merchant acquiring business. The bank will acquire new merchants via Amazon Pay platform to extend its presence.<br /> &nbsp;</p>