Hike, Yes Bank tie-up for UPI payments

  • Hike, the WhatsApp rivalry in India has taken a great step to accelerate digital payments in the country by partnering with Yes Bank to offer payment facilities through Unified Payments Interface (UPI).
  • Earlier, True caller had partnered with ICICI Bank for UPI facilities, Yes Bank had partnered with Flipkart’s PhonePe.
  • Yes Bank is accountable for about 35% of all the UPI transactions.
  • Hike – Yes Bank partnership will be playing a great role in person-to-person and person-to-merchant payments through the UPI services.
  • In order to increase the UPI usage in the country, Yes Bank is onboarding merchants through both the online and offline channels and has already on-boarded 10,000 merchants and about 20 million downloads of merchant-partnered apps.
Source: http://bit.ly/2sWfUlY

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