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Yes Bank launches SIMsePAY

Capital Market 

An unique innovation to board base Banking

has launched SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile services, without the need for smart phones or internet. The offering is based on a frugal 'sim-sleeve' technology, in association with Taisys Technologies, who holds global patents for the same and has implemented the same successfully in other countries including Kenya and China.

plans to garner a base of 5 lakh SimsePay users by 2017.

has launched the service with the District Co-operative Bank, Dehradun and subsequently plans to launch its across the country.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 30 2016. 12:34 IST